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

Freedom 100 Emerging Markets ETF (BATS:FRDM) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 172,850 shares, a growth of 49.3% from the August 31st total of 115,764 shares. Based on an average daily trading volume, of 253,568 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Freedom 100 Emerging Markets ETF

A number of large investors have recently added to or reduced their stakes in FRDM. Retirement Planning Group LLC raised its position 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 valued at $139,337,000 after purchasing an additional 133,481 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 buying an additional 253,060 shares during the period. Aptus Capital Advisors LLC grew its stake in Freedom 100 Emerging Markets ETF by 0.3% in the 4th quarter. Aptus Capital Advisors LLC now owns 670,142 shares of the company’s stock valued at $34,358,000 after buying an additional 1,924 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Freedom 100 Emerging Markets ETF by 6.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock valued at $25,058,000 after buying an additional 20,332 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Freedom 100 Emerging Markets ETF by 18.6% in the 1st quarter. Kestra Advisory Services LLC now owns 442,531 shares of the company’s stock worth $24,184,000 after acquiring an additional 69,312 shares during the period.

Freedom 100 Emerging Markets ETF Stock Performance

FRDM opened at $71.10 on Friday. The company has a market cap of $2.10 billion, a PE ratio of 12.68 and a beta of 0.94. The stock has a 50-day moving average of $68.72 and a 200-day moving average of $66.62. Freedom 100 Emerging Markets ETF has a 52-week low of $43.77 and a 52-week high of $76.90.

Freedom 100 Emerging Markets ETF Cuts Dividend

The business also recently announced 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. The ex-dividend date was Monday, September 28th. This represents a $1.17 annualized dividend and a yield of 1.7%.

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.