The Free Markets ETF (NYSEARCA:FMKT) Sees Large Drop in Short Interest

The Free Markets ETF (NYSEARCA:FMKT) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 689 shares, a decline of 36.0% from the September 30th total of 1,077 shares. Based on an average trading volume of 3,710 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Free Markets ETF Stock Performance

Shares of FMKT stock traded up $0.05 during trading hours on Monday, reaching $21.45. The company had a trading volume of 2,031 shares, compared to its average volume of 4,681. The stock’s fifty day simple moving average is $22.01 and its 200 day simple moving average is $21.92. Free Markets ETF has a twelve month low of $19.55 and a twelve month high of $23.48. The company has a market capitalization of $10.08 million, a P/E ratio of 27.82 and a beta of 1.00.

Institutional Trading of Free Markets ETF

An institutional investor recently bought a new position in Free Markets ETF stock. Main Street Group LTD bought a new stake in shares of The Free Markets ETF (NYSEARCA:FMKT) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,261 shares of the company’s stock, valued at approximately $47,000. Main Street Group LTD owned approximately 0.34% of Free Markets ETF at the end of the most recent reporting period.

About Free Markets ETF

Tidal ETF Trust – The Free Markets ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund is co-managed by SYKON Asset Management LLC, Point Bridge Capital, LLC and Tactical Rotation Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis to create its portfolio.