Frontier Asset Absolute Return ETF (NYSEARCA:FARX) Sees Significant Growth in Short Interest

Frontier Asset Absolute Return ETF (NYSEARCA:FARX) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 617 shares, a growth of 661.7% from the September 30th total of 81 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,805 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Frontier Asset Absolute Return ETF stock. CoreCap Advisors LLC increased its position in Frontier Asset Absolute Return ETF (NYSEARCA:FARX) by 97.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,598 shares of the company’s stock after purchasing an additional 788 shares during the quarter. CoreCap Advisors LLC owned approximately 0.30% of Frontier Asset Absolute Return ETF worth $48,000 as of its most recent SEC filing.

Frontier Asset Absolute Return ETF Trading Up 0.3%

Shares of NYSEARCA FARX traded up $0.10 during trading hours on Wednesday, hitting $29.99. The company had a trading volume of 1,420 shares, compared to its average volume of 2,113. Frontier Asset Absolute Return ETF has a 1-year low of $26.64 and a 1-year high of $30.33. The firm’s 50 day moving average is $29.92 and its 200-day moving average is $29.00.

Frontier Asset Absolute Return ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 29th were paid a $0.0959 dividend. This is a decrease from Frontier Asset Absolute Return ETF’s previous quarterly dividend of $0.1158. This represents a $0.38 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, September 29th.

Frontier Asset Absolute Return ETF Company Profile

The Frontier Asset Absolute Return ETF (FARX) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund seeks to achieve long-term total return through an actively managed fund-of-funds that utilizes an absolute return approach. The portfolio generally holds 6 to 20 underlying ETFs across multiple asset classes. FARX was launched on Dec 19, 2024 and is issued by Frontier.