Short Interest in Freedom 100 Emerging Markets ETF (BATS:FRDM) Declines By 80.0%

Freedom 100 Emerging Markets ETF (BATS:FRDM) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 153,767 shares, a drop of 80.0% from the April 30th total of 770,521 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 391,292 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Maripau Wealth Management LLC grew its stake in shares of Freedom 100 Emerging Markets ETF by 1.7% during the first quarter. Maripau Wealth Management LLC now owns 48,289 shares of the company’s stock valued at $2,639,000 after buying an additional 792 shares during the last quarter. Allen Capital Group LLC boosted its holdings in Freedom 100 Emerging Markets ETF by 32.9% during the 1st quarter. Allen Capital Group LLC now owns 55,129 shares of the company’s stock valued at $3,013,000 after acquiring an additional 13,654 shares during the period. Kensington Asset Management LLC purchased a new position in Freedom 100 Emerging Markets ETF during the 1st quarter valued at $444,000. Arete Wealth Advisors LLC increased its stake in Freedom 100 Emerging Markets ETF by 129.1% in the first quarter. Arete Wealth Advisors LLC now owns 37,063 shares of the company’s stock worth $2,026,000 after purchasing an additional 20,885 shares during the period. Finally, Western Wealth Management LLC increased its stake in Freedom 100 Emerging Markets ETF by 3.7% in the first quarter. Western Wealth Management LLC now owns 10,325 shares of the company’s stock worth $564,000 after purchasing an additional 370 shares during the period.

Freedom 100 Emerging Markets ETF Trading Up 0.8%

Shares of FRDM opened at $72.80 on Friday. The company’s fifty day simple moving average is $61.95 and its 200-day simple moving average is $56.81. The company has a market cap of $2.15 billion, a P/E ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a twelve month low of $37.63 and a twelve month high of $73.10.

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.