The Free Markets ETF (NYSEARCA:FMKT) Sees Large Decline in Short Interest

The Free Markets ETF (NYSEARCA:FMKT) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 689 shares, a drop of 36.0% from the September 30th total of 1,077 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,710 shares, the days-to-cover ratio is presently 0.2 days.

Free Markets ETF Price Performance

Shares of NYSEARCA:FMKT traded up $0.05 during trading on Monday, reaching $21.45. 2,031 shares of the company were exchanged, compared to its average volume of 4,681. The firm has a market capitalization of $10.08 million, a PE ratio of 27.82 and a beta of 1.00. Free Markets ETF has a 12-month low of $19.55 and a 12-month high of $23.48. The business’s fifty day simple moving average is $22.01 and its 200-day simple moving average is $21.92.

Institutional Trading of Free Markets ETF

A hedge fund recently bought a new position in Free Markets ETF stock. Main Street Group LTD purchased a new position in shares of The Free Markets ETF (NYSEARCA:FMKT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,261 shares of the company’s stock, valued at approximately $47,000. Main Street Group LTD owned 0.34% of Free Markets ETF at the end of the most recent reporting period.

About Free Markets ETF

Tidal ETF Trust – The Free Markets ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund is co-managed by SYKON Asset Management LLC, Point Bridge Capital, LLC and Tactical Rotation Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis to create its portfolio.