Freedom 100 Emerging Markets ETF (BATS:FRDM – Get Free Report) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 31,239 shares, a decrease of 59.7% from the July 30th total of 77,495 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 217,403 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Freedom 100 Emerging Markets ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. First Heartland Consultants Inc. bought a new stake in shares of Freedom 100 Emerging Markets ETF in the 2nd quarter worth approximately $14,632,000. Raymond James Financial Inc. raised its stake in Freedom 100 Emerging Markets ETF by 63.8% during the third quarter. Raymond James Financial Inc. now owns 743,977 shares of the company’s stock valued at $32,966,000 after buying an additional 289,860 shares during the last quarter. Jane Street Group LLC purchased a new position in Freedom 100 Emerging Markets ETF during the fourth quarter valued at $12,818,000. KFG Wealth Management LLC bought a new stake in Freedom 100 Emerging Markets ETF in the first quarter worth $10,299,000. Finally, Pearl Planning LLC bought a new stake in Freedom 100 Emerging Markets ETF in the fourth quarter worth $9,405,000.
Freedom 100 Emerging Markets ETF Trading Up 0.2%
Shares of FRDM stock opened at $69.22 on Friday. The company’s fifty day moving average price is $68.11 and its 200-day moving average price is $64.64. The stock has a market cap of $2.04 billion, a PE ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 12 month low of $41.02 and a 12 month high of $76.90.
About Freedom 100 Emerging Markets ETF
The Freedom 100 Emerging Markets ETF (FRDM) is an exchange-traded fund that mostly invests in total market equity. FDRM tracks an index that selects and weights exposure to emerging market equities based on personal and economic freedom metrics. FRDM was launched on May 23, 2019 and is managed by Alpha Architect.
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