Frontier Asset Global Small Cap Equity ETF (NYSEARCA:FGSM) Sees Large Drop in Short Interest

Frontier Asset Global Small Cap Equity ETF (NYSEARCA:FGSM) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 2,799 shares, a drop of 52.2% from the September 30th total of 5,852 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,810 shares, the days-to-cover ratio is currently 1.5 days.

Frontier Asset Global Small Cap Equity ETF Price Performance

Shares of FGSM traded down $0.47 during mid-day trading on Friday, hitting $34.25. 662 shares of the company’s stock traded hands, compared to its average volume of 6,510. Frontier Asset Global Small Cap Equity ETF has a 1 year low of $28.15 and a 1 year high of $36.25. The business’s 50-day moving average price is $34.83 and its 200-day moving average price is $33.79.

Frontier Asset Global Small Cap Equity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 29th were issued a $0.0525 dividend. This represents a $0.21 annualized dividend and a yield of 0.6%. This is a drop from Frontier Asset Global Small Cap Equity ETF’s previous quarterly dividend of $0.1903. The ex-dividend date was Tuesday, September 29th.

Frontier Asset Global Small Cap Equity ETF Company Profile

The Frontier Asset Global Small Cap Equity ETF (FGSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund of funds with exposure to small-cap global companies. The portfolio will typically comprise of 6 to 12 ETFs. FGSM was launched on Dec 19, 2024 and is issued by Frontier.