Freedom 100 Emerging Markets ETF (BATS:FRDM) Sees Significant Decline in Short Interest

Freedom 100 Emerging Markets ETF (BATS:FRDM) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 60,739 shares, a decrease of 84.0% from the September 30th total of 378,980 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 318,165 shares, the days-to-cover ratio is presently 0.2 days.

Freedom 100 Emerging Markets ETF Price Performance

Shares of Freedom 100 Emerging Markets ETF stock opened at $63.19 on Tuesday. The business’s fifty day moving average price is $68.96 and its two-hundred day moving average price is $64.60. The company has a market capitalization of $1.86 billion, a P/E ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 1-year low of $45.41 and a 1-year high of $76.90.

Freedom 100 Emerging Markets ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a $0.2934 dividend. This represents a $1.17 annualized dividend and a dividend yield of 1.9%. This is a drop from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. The ex-dividend date of this dividend was Monday, September 28th.

Hedge Funds Weigh In On Freedom 100 Emerging Markets ETF

Institutional investors have recently bought and sold shares of the stock. Retirement Planning Group LLC grew its stake in Freedom 100 Emerging Markets ETF by 1.6% in the 3rd quarter. Retirement Planning Group LLC now owns 2,685,929 shares of the company’s stock valued at $187,908,000 after buying an additional 41,811 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Freedom 100 Emerging Markets ETF by 53.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 725,104 shares of the company’s stock worth $49,446,000 after acquiring an additional 253,060 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Freedom 100 Emerging Markets ETF by 6.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock worth $25,058,000 after acquiring an additional 20,332 shares during the last quarter. Kestra Advisory Services LLC lifted its position in Freedom 100 Emerging Markets ETF by 18.6% during the 1st quarter. Kestra Advisory Services LLC now owns 442,531 shares of the company’s stock worth $24,184,000 after acquiring an additional 69,312 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Freedom 100 Emerging Markets ETF by 4.6% during the first quarter. Janney Montgomery Scott LLC now owns 440,218 shares of the company’s stock valued at $24,058,000 after acquiring an additional 19,205 shares during the period.

Freedom 100 Emerging Markets ETF Company Profile

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.