Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Short Interest Up 146.7% in May

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 161,569 shares, a growth of 146.7% from the April 30th total of 65,484 shares. Based on an average trading volume of 89,665 shares, the short-interest ratio is presently 1.8 days. Approximately 0.4% of the shares of the company are short sold.

Hartford Multifactor Developed Markets (ex-US) ETF Stock Performance

Shares of RODM stock opened at $41.03 on Tuesday. The stock’s 50 day simple moving average is $40.58 and its 200 day simple moving average is $38.98. Hartford Multifactor Developed Markets has a twelve month low of $33.33 and a twelve month high of $41.74. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -95.42 and a beta of 0.65.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RODM. Royal Bank of Canada increased its position in Hartford Multifactor Developed Markets (ex-US) ETF by 18.0% in the 1st quarter. Royal Bank of Canada now owns 199,968 shares of the exchange traded fund’s stock worth $6,197,000 after buying an additional 30,458 shares during the period. Jane Street Group LLC boosted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 2.1% during the first quarter. Jane Street Group LLC now owns 70,770 shares of the exchange traded fund’s stock worth $2,193,000 after buying an additional 1,463 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 56.5% during the second quarter. Osaic Holdings Inc. now owns 26,973 shares of the exchange traded fund’s stock worth $920,000 after buying an additional 9,739 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 2.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,927 shares of the exchange traded fund’s stock worth $782,000 after buying an additional 579 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 66.1% during the third quarter. Truist Financial Corp now owns 143,126 shares of the exchange traded fund’s stock worth $5,085,000 after buying an additional 56,944 shares in the last quarter. 7.13% of the stock is owned by institutional investors.

About Hartford Multifactor Developed Markets (ex-US) ETF

Direct Markets Holdings Corp., formerly Rodman & Renshaw Capital Group, Inc, is a holding company. Through its subsidiaries, it is engaged in the investment banking business. The Company’s principal operating subsidiary is Rodman & Renshaw, LLC (R&R). It is an investment bank, which provides corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. It also provides research and sales and trading services to institutional investors.