The Free Markets ETF (NYSEARCA:FMKT) Sees Large Drop in Short Interest

The Free Markets ETF (NYSEARCA:FMKT) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 593 shares, a decline of 92.1% from the April 30th total of 7,544 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,332 shares, the days-to-cover ratio is presently 0.2 days.

Free Markets ETF Price Performance

Shares of FMKT stock traded down $0.16 on Wednesday, hitting $22.36. The stock had a trading volume of 2,427 shares, compared to its average volume of 6,341. The firm has a market capitalization of $14.76 million, a P/E ratio of 27.82 and a beta of 2.55. Free Markets ETF has a 1 year low of $19.55 and a 1 year high of $24.88. The company’s 50 day moving average price is $21.56 and its 200-day moving average price is $21.92.

Institutional Investors Weigh In On Free Markets ETF

Large investors have recently bought and sold shares of the stock. Main Street Group LTD purchased a new stake in Free Markets ETF during the 1st quarter worth about $47,000. Osbon Capital Management LLC purchased a new stake in Free Markets ETF during the 4th quarter worth about $88,000. Brookwood Investment Group LLC increased its holdings in Free Markets ETF by 6.5% during the 4th quarter. Brookwood Investment Group LLC now owns 21,879 shares of the company’s stock worth $472,000 after purchasing an additional 1,337 shares during the period. Jane Street Group LLC purchased a new stake in Free Markets ETF during the 2nd quarter worth about $663,000. Finally, Stegent Equity Advisors Inc. purchased a new stake in Free Markets ETF during the 4th quarter worth about $1,127,000.

About Free Markets ETF

Tidal ETF Trust – The Free Markets ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund is co-managed by SYKON Asset Management LLC, Point Bridge Capital, LLC and Tactical Rotation Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis to create its portfolio.