Freedom 100 Emerging Markets ETF (BATS:FRDM) Short Interest Update

Freedom 100 Emerging Markets ETF (BATS:FRDM) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 125,317 shares, a decline of 50.5% from the June 15th total of 252,919 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 324,747 shares, the days-to-cover ratio is presently 0.4 days.

Freedom 100 Emerging Markets ETF Stock Down 3.0%

Freedom 100 Emerging Markets ETF stock opened at $65.31 on Friday. The company has a market capitalization of $1.93 billion, a PE ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 12-month low of $39.97 and a 12-month high of $76.90. The firm’s fifty day moving average is $70.17 and its 200 day moving average is $62.33.

Hedge Funds Weigh In On Freedom 100 Emerging Markets ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Pacific Financial bought a new stake in Freedom 100 Emerging Markets ETF in the 4th quarter valued at about $27,000. Strive Financial Group LLC acquired a new stake in Freedom 100 Emerging Markets ETF in the fourth quarter valued at approximately $28,000. Clarity Asset Management Inc. bought a new stake in shares of Freedom 100 Emerging Markets ETF during the fourth quarter valued at approximately $36,000. Abound Wealth Management bought a new stake in shares of Freedom 100 Emerging Markets ETF during the second quarter valued at approximately $36,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Freedom 100 Emerging Markets ETF by 207.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock worth $37,000 after purchasing an additional 483 shares during the period.

About Freedom 100 Emerging Markets ETF

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.