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 recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,208 shares, a drop of 56.5% from the February 26th total of 5,076 shares. Based on an average daily trading volume, of 3,484 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Trading Down 2.0%

FEDM traded down $1.17 during midday trading on Thursday, hitting $56.81. The company’s stock had a trading volume of 139 shares, compared to its average volume of 2,420. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund has a 52-week low of $43.00 and a 52-week high of $64.02. The firm has a 50-day moving average price of $61.15 and a two-hundred day moving average price of $59.23. The firm has a market cap of $72.15 million, a P/E ratio of 17.40 and a beta of 0.82.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 20th will be issued a $0.1591 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 20th.

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

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.