The Free Markets ETF (NYSEARCA:FMKT) Sees Significant Growth in Short Interest
by Teresa Graham · The Cerbat GemThe Free Markets ETF (NYSEARCA:FMKT – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 7,544 shares, an increase of 1,281.7% from the April 15th total of 546 shares. Based on an average trading volume of 9,406 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.1% of the company’s stock are short sold.
Free Markets ETF Trading Up 1.2%
NYSEARCA FMKT traded up $0.26 during trading hours on Monday, hitting $22.84. The company’s stock had a trading volume of 2,471 shares, compared to its average volume of 6,557. Free Markets ETF has a 52 week low of $19.55 and a 52 week high of $24.88. The company has a market capitalization of $15.07 million, a PE ratio of 27.82 and a beta of 1.87. The company’s 50-day simple moving average is $21.34 and its two-hundred day simple moving average is $21.99.
Hedge Funds Weigh In On Free Markets ETF
Several large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its position in Free Markets ETF by 37.4% in the 3rd quarter. NewEdge Advisors LLC now owns 113,000 shares of the company’s stock valued at $2,645,000 after acquiring an additional 30,750 shares in the last quarter. Authentikos Wealth Advisory LLC increased its stake in Free Markets ETF by 92.2% in the 4th quarter. Authentikos Wealth Advisory LLC now owns 95,190 shares of the company’s stock valued at $2,054,000 after buying an additional 45,656 shares during the last quarter. Stegent Equity Advisors Inc. increased its stake in Free Markets ETF by 23.7% in the 1st quarter. Stegent Equity Advisors Inc. now owns 64,631 shares of the company’s stock valued at $1,331,000 after buying an additional 12,387 shares during the last quarter. Jane Street Group LLC purchased a new stake in Free Markets ETF in the 2nd quarter valued at about $663,000. Finally, Brookwood Investment Group LLC increased its stake in Free Markets ETF by 6.5% in the 4th quarter. Brookwood Investment Group LLC now owns 21,879 shares of the company’s stock valued at $472,000 after buying an additional 1,337 shares during the last quarter.
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.