Frontier Asset Absolute Return ETF (NYSEARCA:FARX) Sees Significant Decline in Short Interest

Frontier Asset Absolute Return ETF (NYSEARCA:FARX) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 3 shares, a drop of 97.1% from the August 15th total of 104 shares. Based on an average trading volume of 724 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Frontier Asset Absolute Return ETF Trading Down 0.1%

Shares of FARX stock traded down $0.03 during midday trading on Friday, hitting $30.03. The company had a trading volume of 1,138 shares, compared to its average volume of 1,907. The company’s 50 day simple moving average is $29.38 and its 200 day simple moving average is $29.01. Frontier Asset Absolute Return ETF has a 52-week low of $26.34 and a 52-week high of $30.06.

Frontier Asset Absolute Return ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a $0.1158 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.46 annualized dividend and a yield of 1.5%. This is an increase from Frontier Asset Absolute Return ETF’s previous quarterly dividend of $0.06.

Hedge Funds Weigh In On Frontier Asset Absolute Return ETF

An institutional investor recently raised its position in Frontier Asset Absolute Return ETF stock. JPMorgan Chase & Co. lifted its position in shares of Frontier Asset Absolute Return ETF (NYSEARCA:FARX) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 228,205 shares of the company’s stock after acquiring an additional 6,901 shares during the quarter. JPMorgan Chase & Co. owned 53.07% of Frontier Asset Absolute Return ETF worth $6,055,000 at the end of the most recent quarter.

Frontier Asset Absolute Return ETF Company Profile

The Frontier Asset Absolute Return ETF (FARX) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund seeks to achieve long-term total return through an actively managed fund-of-funds that utilizes an absolute return approach. The portfolio generally holds 6 to 20 underlying ETFs across multiple asset classes. FARX was launched on Dec 19, 2024 and is issued by Frontier.