Freedom 100 Emerging Markets ETF (BATS:FRDM) Short Interest Update

Freedom 100 Emerging Markets ETF (BATS:FRDM) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 378,587 shares, a growth of 146.2% from the May 14th total of 153,767 shares. Based on an average daily trading volume, of 369,142 shares, the short-interest ratio is presently 1.0 days. Approximately 1.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Freedom 100 Emerging Markets ETF

Several institutional investors have recently bought and sold shares of the business. First Pacific Financial acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the fourth quarter worth $27,000. Strive Financial Group LLC purchased a new position in shares of Freedom 100 Emerging Markets ETF in the 4th quarter valued at about $28,000. Clarity Asset Management Inc. purchased a new position in Freedom 100 Emerging Markets ETF during the 4th quarter worth approximately $36,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Freedom 100 Emerging Markets ETF by 207.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock worth $37,000 after buying an additional 483 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Freedom 100 Emerging Markets ETF by 231.3% in the 1st quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $39,000 after purchasing an additional 502 shares during the last quarter.

Freedom 100 Emerging Markets ETF Trading Up 0.5%

Shares of Freedom 100 Emerging Markets ETF stock traded up $0.37 on Friday, hitting $71.56. 310,977 shares of the company traded hands, compared to its average volume of 477,620. The stock’s 50 day moving average price is $65.23 and its 200-day moving average price is $58.48. Freedom 100 Emerging Markets ETF has a 52 week low of $38.02 and a 52 week high of $74.86. The company has a market cap of $2.11 billion, a PE ratio of 12.68 and a beta of 0.94.

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.