Freedom 100 Emerging Markets ETF (BATS:FRDM) Sees Significant Growth in Short Interest

Freedom 100 Emerging Markets ETF (BATS:FRDM) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 378,980 shares, an increase of 119.3% from the September 15th total of 172,850 shares. Based on an average daily volume of 329,479 shares, the short-interest ratio is presently 1.2 days. Currently, 1.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Freedom 100 Emerging Markets ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Retirement Planning Group LLC increased its stake 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 purchasing an additional 133,481 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Freedom 100 Emerging Markets ETF by 53.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 725,104 shares of the company’s stock worth $49,446,000 after purchasing an additional 253,060 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of Freedom 100 Emerging Markets ETF by 18.6% during the 1st quarter. Kestra Advisory Services LLC now owns 442,531 shares of the company’s stock worth $24,184,000 after purchasing an additional 69,312 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Freedom 100 Emerging Markets ETF by 4.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 440,218 shares of the company’s stock worth $24,058,000 after purchasing an additional 19,205 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in Freedom 100 Emerging Markets ETF by 6.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock valued at $25,058,000 after purchasing an additional 20,332 shares during the period.

Freedom 100 Emerging Markets ETF Price Performance

FRDM opened at $65.91 on Thursday. Freedom 100 Emerging Markets ETF has a fifty-two week low of $45.40 and a fifty-two week high of $76.90. The business has a 50-day moving average of $69.41 and a 200-day moving average of $67.47. The company has a market capitalization of $1.94 billion, a PE ratio of 12.68 and a beta of 0.94.

Freedom 100 Emerging Markets ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a $0.2934 dividend. This is a decrease from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. This represents a $1.17 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, September 28th.

Freedom 100 Emerging Markets ETF Company Profile

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.