FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) Sees Large Decline in Short Interest

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 872 shares, a decline of 80.1% from the July 30th total of 4,389 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 824 shares, the short-interest ratio is currently 1.1 days.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Price Performance

Shares of FEDM traded down $0.02 during mid-day trading on Wednesday, hitting $66.93. The stock had a trading volume of 2,069 shares, compared to its average volume of 1,678. The business has a fifty day moving average price of $63.83 and a 200-day moving average price of $62.19. 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 firm has a market cap of $82.32 million, a P/E ratio of 17.40 and a beta of 0.79.

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.