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 significant drop in short interest in the month of 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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 772 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Frontier Asset Absolute Return ETF stock. JPMorgan Chase & Co. raised its holdings in Frontier Asset Absolute Return ETF (NYSEARCA:FARX) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 228,205 shares of the company’s stock after acquiring an additional 6,901 shares during the period. JPMorgan Chase & Co. owned approximately 53.07% of Frontier Asset Absolute Return ETF worth $6,055,000 at the end of the most recent reporting period.

Frontier Asset Absolute Return ETF Price Performance

Shares of FARX traded down $0.01 during trading hours on Friday, hitting $28.94. The company’s stock had a trading volume of 4,921 shares, compared to its average volume of 1,726. The business has a 50 day simple moving average of $29.09 and a two-hundred day simple moving average of $28.47. Frontier Asset Absolute Return ETF has a 52-week low of $25.36 and a 52-week high of $29.63.

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.