FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) Short Interest Up 90.6% in July

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,452 shares, an increase of 90.6% from the June 30th total of 1,811 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 1,718 shares, the days-to-cover ratio is currently 2.0 days.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Stock Performance

FEDM stock traded up $1.04 during trading on Friday, hitting $64.50. 16 shares of the company traded hands, compared to its average volume of 1,720. The company has a 50-day moving average of $62.60 and a 200-day moving average of $61.59. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund has a 1 year low of $53.54 and a 1 year high of $65.05. The firm has a market capitalization of $79.33 million, a PE ratio of 17.40 and a beta of 0.79.

About FlexShares ESG & Climate Developed Markets ex-US Core Index Fund

The FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a principles-based index of large-cap companies from the developed markets outside the US that exhibit environmental, social, and corporate governance (ESG) characteristics. FEDM was launched on Sep 20, 2021 and is managed by FlexShares.