Frontier Asset Absolute Return ETF (NYSEARCA:FARX) Sees Significant Drop in Short Interest

Frontier Asset Absolute Return ETF (NYSEARCA:FARX) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 315 shares, a drop of 91.0% from the June 15th total of 3,518 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 772 shares, the days-to-cover ratio is currently 0.4 days.

Frontier Asset Absolute Return ETF Stock Down 0.0%

NYSEARCA:FARX traded down $0.01 during midday trading on Friday, hitting $28.94. The company had a trading volume of 4,921 shares, compared to its average volume of 1,726. Frontier Asset Absolute Return ETF has a 52-week low of $25.36 and a 52-week high of $29.63. The stock’s fifty day moving average price is $29.09 and its 200-day moving average price is $28.47.

Institutional Investors Weigh In On Frontier Asset Absolute Return ETF

An institutional investor recently raised its position in Frontier Asset Absolute Return ETF stock. JPMorgan Chase & Co. lifted its position in Frontier Asset Absolute Return ETF (NYSEARCA:FARX) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 228,205 shares of the company’s stock after purchasing an additional 6,901 shares during the quarter. JPMorgan Chase & Co. owned 53.07% of Frontier Asset Absolute Return ETF worth $6,055,000 at the end of the most recent quarter.

Frontier Asset Absolute Return ETF Company Profile

The Frontier Asset Absolute Return ETF (FARX) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund seeks to achieve long-term total return through an actively managed fund-of-funds that utilizes an absolute return approach. The portfolio generally holds 6 to 20 underlying ETFs across multiple asset classes. FARX was launched on Dec 19, 2024 and is issued by Frontier.