Motley Fool 100 Index ETF (BATS:TMFC) Stock Short Interest Drops 41.1%

Motley Fool 100 Index ETF (BATS:TMFC) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 51,656 shares, a drop of 41.1% from the September 30th total of 87,747 shares. Based on an average trading volume of 65,486 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are short sold.

Motley Fool 100 Index ETF Trading Down 2.4%

BATS:TMFC opened at $76.99 on Friday. The firm has a market cap of $1.76 billion, a P/E ratio of 30.01 and a beta of 1.14. The stock’s 50 day simple moving average is $79.77 and its 200-day simple moving average is $75.06. Motley Fool 100 Index ETF has a 12-month low of $63.76 and a 12-month high of $82.17.

Hedge Funds Weigh In On Motley Fool 100 Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TMFC. NBT Bank N A NY lifted its stake in shares of Motley Fool 100 Index ETF by 594.4% in the 1st quarter. NBT Bank N A NY now owns 500 shares of the company’s stock worth $33,000 after acquiring an additional 428 shares during the period. Main Street Group LTD purchased a new stake in shares of Motley Fool 100 Index ETF in the first quarter valued at about $44,000. Farther Finance Advisors LLC boosted its holdings in shares of Motley Fool 100 Index ETF by 15.6% in the third quarter. Farther Finance Advisors LLC now owns 2,966 shares of the company’s stock valued at $238,000 after acquiring an additional 401 shares in the last quarter. Dala Group LLC acquired a new position in shares of Motley Fool 100 Index ETF during the first quarter worth about $575,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Motley Fool 100 Index ETF by 0.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,105 shares of the company’s stock worth $1,260,000 after acquiring an additional 154 shares during the period.

Motley Fool 100 Index ETF Company Profile

The Motley Fool 100 Index ETF (TMFC) is an exchange-traded fund that is based on the Motley Fool 100 index. The fund tracks an index of 100 of the largest US companies identified by any of the Motley Fool publications, including the top companies in the Motley Fool IQ Database. TMFC was launched on Jan 29, 2018 and is managed by Motley Fool.