Short Interest in Motley Fool 100 Index ETF (BATS:TMFC) Drops By 42.2%

Motley Fool 100 Index ETF (BATS:TMFC) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 65,223 shares, a decrease of 42.2% from the May 14th total of 112,763 shares. Based on an average daily trading volume, of 59,570 shares, the short-interest ratio is currently 1.1 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TMFC. Marshall Wace LLP acquired a new position in shares of Motley Fool 100 Index ETF in the 2nd quarter valued at $559,000. NewEdge Advisors LLC boosted its holdings in shares of Motley Fool 100 Index ETF by 179.6% in the 2nd quarter. NewEdge Advisors LLC now owns 604 shares of the company’s stock valued at $39,000 after buying an additional 388 shares in the last quarter. JPMorgan Chase & Co. raised its position in Motley Fool 100 Index ETF by 1,210.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,275 shares of the company’s stock valued at $231,000 after purchasing an additional 3,025 shares during the last quarter. Isthmus Partners LLC purchased a new stake in Motley Fool 100 Index ETF in the 3rd quarter valued at $265,000. Finally, Goodman Advisory Group LLC purchased a new stake in Motley Fool 100 Index ETF in the 3rd quarter valued at $8,889,000.

Motley Fool 100 Index ETF Trading Up 0.5%

Shares of Motley Fool 100 Index ETF stock opened at $75.57 on Friday. The company has a fifty day simple moving average of $74.60 and a 200-day simple moving average of $71.76. Motley Fool 100 Index ETF has a 12-month low of $61.37 and a 12-month high of $78.96. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 30.01 and a beta of 1.14.

About Motley Fool 100 Index ETF

The Motley Fool 100 Index ETF (TMFC) is an exchange-traded fund that is based on the Motley Fool 100 index. The fund tracks an index of 100 of the largest US companies identified by any of the Motley Fool publications, including the top companies in the Motley Fool IQ Database. TMFC was launched on Jan 29, 2018 and is managed by Motley Fool.