Freedom 100 Emerging Markets ETF (BATS:FRDM) Sees Large Drop in Short Interest

by · The Cerbat Gem

Freedom 100 Emerging Markets ETF (BATS:FRDM – Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 153,767 shares, a decline of 80.0% from the April 30th total of 770,521 shares. Based on an average trading volume of 391,292 shares, the short-interest ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are short sold.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of Freedom 100 Emerging Markets ETF stock traded down $0.28 during trading hours on Friday, hitting $72.52. The company’s stock had a trading volume of 284,167 shares, compared to its average volume of 482,753. The business has a 50 day moving average price of $62.28 and a two-hundred day moving average price of $56.92. Freedom 100 Emerging Markets ETF has a 12-month low of $37.63 and a 12-month high of $73.12. The company has a market cap of $2.14 billion, a PE ratio of 12.68 and a beta of 0.94.

Hedge Funds Weigh In On Freedom 100 Emerging Markets ETF

Several large investors have recently made changes to their positions in FRDM. Retirement Planning Group LLC lifted its position in shares of Freedom 100 Emerging Markets ETF by 5.5% in the first quarter. Retirement Planning Group LLC now owns 2,549,629 shares of the company’s stock worth $139,337,000 after buying an additional 133,481 shares in the last quarter. Mainstay Capital Management LLC ADV purchased a new stake in shares of Freedom 100 Emerging Markets ETF in the fourth quarter worth about $85,418,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Freedom 100 Emerging Markets ETF by 8.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,580,643 shares of the company’s stock worth $81,040,000 after buying an additional 120,307 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Freedom 100 Emerging Markets ETF by 9.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,500,570 shares of the company’s stock worth $76,934,000 after buying an additional 127,659 shares in the last quarter. Finally, Ellevest Inc. lifted its position in shares of Freedom 100 Emerging Markets ETF by 0.5% in the fourth quarter. Ellevest Inc. now owns 1,178,453 shares of the company’s stock worth $60,419,000 after buying an additional 5,419 shares in the last quarter.

About Freedom 100 Emerging Markets ETF

(Get Free Report)

The Freedom 100 Emerging Markets ETF (FRDM) is an exchange-traded fund that mostly invests in total market equity. FDRM tracks an index that selects and weights exposure to emerging market equities based on personal and economic freedom metrics. FRDM was launched on May 23, 2019 and is managed by Alpha Architect.

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