FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) Short Interest Down 56.5% in March

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,208 shares, a decrease of 56.5% from the February 26th total of 5,076 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 3,484 shares, the short-interest ratio is presently 0.6 days.

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

NYSEARCA FEDM traded down $1.17 during mid-day trading on Thursday, hitting $56.81. The stock had a trading volume of 139 shares, compared to its average volume of 2,420. The company has a 50 day simple moving average of $61.15 and a 200 day simple moving average of $59.23. The company has a market cap of $72.15 million, a price-to-earnings ratio of 17.40 and a beta of 0.82. 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.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 20th will be given a $0.1591 dividend. The ex-dividend date is Friday, March 20th. This represents a $0.64 annualized dividend and a dividend yield of 1.1%.

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

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.