Freedom 100 Emerging Markets ETF (BATS:FRDM) Sees Large Increase in Short Interest

Freedom 100 Emerging Markets ETF (BATS:FRDM) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 172,850 shares, a growth of 49.3% from the August 31st total of 115,764 shares. Based on an average daily trading volume, of 253,568 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On Freedom 100 Emerging Markets ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. KFG Wealth Management LLC purchased a new stake in Freedom 100 Emerging Markets ETF in the first quarter valued at about $10,299,000. Stillwater Private Wealth LLC purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the first quarter worth about $1,081,000. Angeles Wealth Management LLC increased its holdings in shares of Freedom 100 Emerging Markets ETF by 52.0% during the second quarter. Angeles Wealth Management LLC now owns 44,475 shares of the company’s stock valued at $3,257,000 after acquiring an additional 15,218 shares in the last quarter. Portfolio Resources Advisor Group Inc. purchased a new position in shares of Freedom 100 Emerging Markets ETF in the 4th quarter valued at approximately $1,172,000. Finally, Retirement Planning Group LLC boosted its stake in Freedom 100 Emerging Markets ETF by 5.5% in the 1st quarter. Retirement Planning Group LLC now owns 2,549,629 shares of the company’s stock worth $139,337,000 after purchasing an additional 133,481 shares in the last quarter.

Freedom 100 Emerging Markets ETF Price Performance

Shares of FRDM stock opened at $69.99 on Friday. The company has a market capitalization of $2.06 billion, a P/E ratio of 12.68 and a beta of 0.94. The company’s 50-day simple moving average is $68.59 and its two-hundred day simple moving average is $66.59. Freedom 100 Emerging Markets ETF has a one year low of $43.77 and a one year high of $76.90.

Freedom 100 Emerging Markets ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were issued a dividend of $0.2934 per share. This represents a $1.17 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, September 28th. This is a decrease from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302.

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.