Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sees Significant Increase in Short Interest

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 80,901 shares, a growth of 455.6% from the September 30th total of 14,561 shares. Based on an average daily trading volume, of 96,008 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are short sold.

Hartford Multifactor Developed Markets (ex-US) ETF Stock Performance

NYSEARCA:RODM traded down $0.05 during trading hours on Tuesday, reaching $42.15. The stock had a trading volume of 37,279 shares, compared to its average volume of 93,687. Hartford Multifactor Developed Markets has a 52 week low of $35.13 and a 52 week high of $42.75. The company has a 50 day moving average price of $41.69 and a two-hundred day moving average price of $40.67. The stock has a market capitalization of $1.68 billion, a PE ratio of -98.02 and a beta of 0.64.

Hedge Funds Weigh In On Hartford Multifactor Developed Markets (ex-US) ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in Hartford Multifactor Developed Markets (ex-US) ETF in the first quarter valued at approximately $39,000. Root Financial Partners LLC acquired a new stake in Hartford Multifactor Developed Markets (ex-US) ETF in the 3rd quarter worth about $99,000. Fifth Third Bancorp purchased a new position in Hartford Multifactor Developed Markets (ex-US) ETF in the 1st quarter valued at $115,000. Onyx Bridge Wealth Group LLC acquired a new stake in Hartford Multifactor Developed Markets (ex-US) ETF during the 1st quarter worth $205,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF during the first quarter worth $227,000. Hedge funds and other institutional investors own 7.13% of the company’s stock.

About Hartford Multifactor Developed Markets (ex-US) ETF

Direct Markets Holdings Corp., formerly Rodman & Renshaw Capital Group, Inc, is a holding company. Through its subsidiaries, it is engaged in the investment banking business. The Company’s principal operating subsidiary is Rodman & Renshaw, LLC (R&R). It is an investment bank, which provides corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. It also provides research and sales and trading services to institutional investors.