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

Freedom Day Dividend ETF (NYSEARCA:MBOX) was the target of a significant drop in short interest in the month of 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 trading volume, of 2,080 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Freedom Day Dividend ETF Price Performance

MBOX traded up $0.28 on Friday, hitting $40.53. The company had a trading volume of 2,249 shares, compared to its average volume of 3,644. The stock has a fifty day simple moving average of $38.69 and a 200-day simple moving average of $37.26. The firm has a market capitalization of $142.67 million, a P/E ratio of 16.38 and a beta of 0.78. Freedom Day Dividend ETF has a 52-week low of $33.05 and a 52-week high of $40.65.

Institutional Trading of Freedom Day Dividend ETF

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

About Freedom Day Dividend ETF

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.