Freedom 100 Emerging Markets ETF (BATS:FRDM) Stock Short Interest Jumps 119.3%

Freedom 100 Emerging Markets ETF (BATS:FRDM) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 378,980 shares, a growth of 119.3% from the September 15th total of 172,850 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 329,479 shares, the days-to-cover ratio is presently 1.2 days.

Freedom 100 Emerging Markets ETF Price Performance

BATS FRDM opened at $67.43 on Wednesday. The firm has a market cap of $1.99 billion, a PE ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a one year low of $44.10 and a one year high of $76.90. The stock’s 50 day simple moving average is $69.44 and its 200 day simple moving average is $67.38.

Freedom 100 Emerging Markets ETF Cuts Dividend

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

Institutional Trading of Freedom 100 Emerging Markets ETF

Large investors have recently made changes to their positions in the business. Signal Advisors Wealth LLC bought a new position in shares of Freedom 100 Emerging Markets ETF in the third quarter valued at about $14,062,000. Fermata Advisors LLC bought a new stake in Freedom 100 Emerging Markets ETF during the 3rd quarter worth about $944,000. Avior Wealth Management LLC bought a new stake in Freedom 100 Emerging Markets ETF during the 3rd quarter worth about $4,426,000. Prism Advisors Inc. bought a new stake in Freedom 100 Emerging Markets ETF during the 3rd quarter worth about $1,252,000. Finally, Castleview Partners LLC acquired a new stake in Freedom 100 Emerging Markets ETF in the 3rd quarter valued at about $277,000.

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.