Freedom 100 Emerging Markets ETF (BATS:FRDM) Short Interest Up 270.6% in August

Freedom 100 Emerging Markets ETF (BATS:FRDM) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 115,764 shares, an increase of 270.6% from the August 15th total of 31,239 shares. Based on an average trading volume of 237,440 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are short sold.

Freedom 100 Emerging Markets ETF Price Performance

Shares of BATS FRDM opened at $70.83 on Friday. The firm has a market cap of $2.09 billion, a PE ratio of 12.68 and a beta of 0.94. The company has a 50 day simple moving average of $67.71 and a 200 day simple moving average of $65.37. Freedom 100 Emerging Markets ETF has a 1 year low of $43.77 and a 1 year high of $76.90.

Freedom 100 Emerging Markets ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 29th were paid a $0.3302 dividend. The ex-dividend date of this dividend was Monday, June 29th. This is a positive change from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.23. This represents a $1.32 annualized dividend and a dividend yield of 1.9%.

Institutional Trading of Freedom 100 Emerging Markets ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. XY Planning Network Inc. lifted its holdings in shares of Freedom 100 Emerging Markets ETF by 1.8% in the 2nd quarter. XY Planning Network Inc. now owns 9,441 shares of the company’s stock worth $688,000 after purchasing an additional 168 shares in the last quarter. Parallel Advisors LLC increased its stake in Freedom 100 Emerging Markets ETF by 4.5% in the 3rd quarter. Parallel Advisors LLC now owns 5,554 shares of the company’s stock valued at $246,000 after buying an additional 237 shares during the last quarter. Lord & Richards Wealth Management LLC lifted its position in shares of Freedom 100 Emerging Markets ETF by 0.9% during the 2nd quarter. Lord & Richards Wealth Management LLC now owns 35,078 shares of the company’s stock worth $2,557,000 after buying an additional 311 shares in the last quarter. Comerica Bank boosted its stake in shares of Freedom 100 Emerging Markets ETF by 13.9% in the 3rd quarter. Comerica Bank now owns 2,734 shares of the company’s stock worth $121,000 after buying an additional 333 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Freedom 100 Emerging Markets ETF by 1.2% in the fourth quarter. IFP Advisors Inc now owns 28,217 shares of the company’s stock valued at $1,447,000 after acquiring an additional 344 shares in the last quarter.

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.