Freedom 100 Emerging Markets ETF (BATS:FRDM) Short Interest Update

Freedom 100 Emerging Markets ETF (BATS:FRDM) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 115,764 shares, a growth of 270.6% from the August 15th total of 31,239 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 237,440 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Freedom 100 Emerging Markets ETF

Several hedge funds have recently added to or reduced their stakes in FRDM. Strive Financial Group LLC bought a new position in shares of Freedom 100 Emerging Markets ETF during the fourth quarter valued at about $28,000. Capital Analysts LLC purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the second quarter valued at approximately $32,000. Clarity Asset Management Inc. purchased a new position in shares of Freedom 100 Emerging Markets ETF in the fourth quarter worth $36,000. Abound Wealth Management purchased a new stake in Freedom 100 Emerging Markets ETF during the 2nd quarter valued at $36,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Freedom 100 Emerging Markets ETF by 207.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock valued at $37,000 after acquiring an additional 483 shares during the period.

Freedom 100 Emerging Markets ETF Price Performance

BATS FRDM opened at $70.83 on Monday. Freedom 100 Emerging Markets ETF has a 52 week low of $43.77 and a 52 week high of $76.90. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. The business has a 50 day moving average price of $67.71 and a 200-day moving average price of $65.40.

Freedom 100 Emerging Markets ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 29th were paid a $0.3302 dividend. This is a positive change from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.9%.

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.