The Free Markets ETF (NYSEARCA:FMKT) Short Interest Up 1,281.7% in April

The Free Markets ETF (NYSEARCA:FMKT) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 7,544 shares, a growth of 1,281.7% from the April 15th total of 546 shares. Based on an average daily volume of 9,406 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.1% of the company’s shares are sold short.

Free Markets ETF Price Performance

NYSEARCA FMKT opened at $22.84 on Tuesday. The firm’s 50-day moving average is $21.34 and its two-hundred day moving average is $21.99. Free Markets ETF has a 12 month low of $19.55 and a 12 month high of $24.88. The stock has a market capitalization of $15.07 million, a P/E ratio of 27.82 and a beta of 1.87.

Institutional Trading of Free Markets ETF

Hedge funds have recently made changes to their positions in the business. Main Street Group LTD acquired a new stake in shares of Free Markets ETF during the first quarter worth about $47,000. Osbon Capital Management LLC purchased a new stake in shares of Free Markets ETF during the fourth quarter worth approximately $88,000. Brookwood Investment Group LLC increased its stake in shares of Free Markets ETF by 6.5% during the fourth quarter. Brookwood Investment Group LLC now owns 21,879 shares of the company’s stock worth $472,000 after buying an additional 1,337 shares during the period. Jane Street Group LLC purchased a new stake in shares of Free Markets ETF during the second quarter worth approximately $663,000. Finally, Stegent Equity Advisors Inc. purchased a new stake in shares of Free Markets ETF during the fourth quarter worth approximately $1,127,000.

Free Markets ETF Company Profile

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.