Short Interest in Freedom 100 Emerging Markets ETF (BATS:FRDM) Expands By 82.2%

Freedom 100 Emerging Markets ETF (BATS:FRDM) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 770,521 shares, a growth of 82.2% from the April 15th total of 422,956 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 282,565 shares, the days-to-cover ratio is currently 2.7 days.

Freedom 100 Emerging Markets ETF Price Performance

FRDM opened at $65.61 on Monday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. The business has a 50-day moving average of $59.73 and a two-hundred day moving average of $55.51. Freedom 100 Emerging Markets ETF has a 12 month low of $37.63 and a 12 month high of $69.66.

Institutional Trading of Freedom 100 Emerging Markets ETF

Institutional investors have recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Freedom 100 Emerging Markets ETF by 200.0% during the 3rd quarter. UMB Bank n.a. now owns 600 shares of the company’s stock worth $27,000 after purchasing an additional 400 shares during the period. First Pacific Financial purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the 4th quarter worth about $27,000. Strive Financial Group LLC purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the 4th quarter worth about $28,000. Clarity Asset Management Inc. purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the 4th quarter worth about $36,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Freedom 100 Emerging Markets ETF by 207.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock worth $37,000 after purchasing an additional 483 shares during the period.

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.