FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) Sees Significant Growth in Short Interest

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 7,671 shares, an increase of 889.8% from the August 31st total of 775 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 4,677 shares, the short-interest ratio is currently 1.6 days.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Stock Performance

FEDM stock traded down $0.19 during midday trading on Thursday, reaching $64.16. 110 shares of the company traded hands, compared to its average volume of 1,835. The firm has a market capitalization of $81.48 million, a price-to-earnings ratio of 17.40 and a beta of 0.79. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund has a 52-week low of $53.54 and a 52-week high of $66.95. The business has a 50 day moving average of $65.25 and a 200-day moving average of $62.65.

About FlexShares ESG & Climate Developed Markets ex-US Core Index Fund

The FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a principles-based index of large-cap companies from the developed markets outside the US that exhibit environmental, social, and corporate governance (ESG) characteristics. FEDM was launched on Sep 20, 2021 and is managed by FlexShares.