Freedom Day Dividend ETF (NYSEARCA:MBOX) Sees Significant Drop in Short Interest

Freedom Day Dividend ETF (NYSEARCA:MBOX) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 508 shares, a drop of 52.4% from the May 14th total of 1,067 shares. Based on an average daily volume of 2,080 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Freedom Day Dividend ETF Stock Performance

NYSEARCA:MBOX traded up $0.28 during midday trading on Friday, reaching $40.53. 2,249 shares of the stock traded hands, compared to its average volume of 3,644. Freedom Day Dividend ETF has a 12-month low of $33.05 and a 12-month high of $40.65. The business has a 50-day moving average of $38.69 and a two-hundred day moving average of $37.26. The stock has a market capitalization of $142.67 million, a PE ratio of 16.38 and a beta of 0.78.

Institutional Trading of Freedom Day Dividend ETF

An institutional investor recently bought a new position in Freedom Day Dividend ETF stock. JPMorgan Chase & Co. bought a new position in shares of Freedom Day Dividend ETF (NYSEARCA:MBOX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,056 shares of the company’s stock, valued at approximately $108,000. JPMorgan Chase & Co. owned about 0.09% of Freedom Day Dividend ETF at the end of the most recent reporting period.

Freedom Day Dividend ETF Company Profile

The Freedom Day Dividend ETF (MBOX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that seeks dividend growth by selecting US-listed companies the advisor believes to have the greatest potential to provide rising dividends over time. MBOX was launched on May 5, 2021 and is managed by Alpha Architect.