Freedom 100 Emerging Markets ETF (BATS:FRDM) Stock Short Interest Drops 84.0%

Freedom 100 Emerging Markets ETF (BATS:FRDM) was the target of a significant decrease in short interest in 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. Based on an average daily trading volume, of 318,165 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Freedom 100 Emerging Markets ETF Trading Up 1.7%

Shares of BATS:FRDM opened at $64.26 on Wednesday. The stock has a market cap of $1.90 billion, a PE ratio of 12.68 and a beta of 0.94. The stock’s fifty day simple moving average is $68.76 and its two-hundred day simple moving average is $64.70. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued 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 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, September 28th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FRDM. Angeles Wealth Management LLC increased its position in shares of Freedom 100 Emerging Markets ETF by 52.0% during the 2nd quarter. Angeles Wealth Management LLC now owns 44,475 shares of the company’s stock valued at $3,257,000 after purchasing an additional 15,218 shares during the last quarter. Stillwater Private Wealth LLC bought a new stake in shares of Freedom 100 Emerging Markets ETF during the 1st quarter worth $1,081,000. VectorGlobal IAG Inc. bought a new stake in shares of Freedom 100 Emerging Markets ETF during the 1st quarter worth $1,898,000. Integrated Wealth Concepts LLC boosted its holdings in shares of Freedom 100 Emerging Markets ETF by 6.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock worth $25,058,000 after buying an additional 20,332 shares during the last quarter. Finally, Retirement Planning Group LLC boosted its holdings in shares of 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 buying an additional 133,481 shares during 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.