FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) Stock Short Interest Rises 412.9%

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 51,063 shares, a growth of 412.9% from the September 30th total of 9,955 shares. Based on an average daily trading volume, of 4,185 shares, the days-to-cover ratio is presently 12.2 days. Approximately 3.8% of the shares of the company are short sold.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Trading Up 0.5%

FEDM traded up $0.29 during midday trading on Tuesday, hitting $64.52. 111 shares of the company traded hands, compared to its average volume of 1,877. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund has a 52-week low of $53.54 and a 52-week high of $66.95. The company has a market capitalization of $85.82 million, a price-to-earnings ratio of 17.40 and a beta of 0.79. The business has a 50 day simple moving average of $64.98 and a two-hundred day simple moving average of $62.64.

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

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.