Freedom 100 Emerging Markets ETF (BATS:FRDM) Shares Shorted: Short Interest Down 84.0% in October

Freedom 100 Emerging Markets ETF (BATS:FRDM) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 60,739 shares, a drop of 84.0% from the September 30th total of 378,980 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 318,165 shares, the short-interest ratio is presently 0.2 days.

Freedom 100 Emerging Markets ETF Price Performance

Shares of Freedom 100 Emerging Markets ETF stock opened at $65.72 on Thursday. The business has a 50-day simple moving average of $68.74 and a 200 day simple moving average of $64.75. Freedom 100 Emerging Markets ETF has a one year low of $45.41 and a one year high of $76.90. The firm has a market capitalization of $1.94 billion, a price-to-earnings 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. Shareholders of record on Monday, September 28th were paid a $0.2934 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 1.8%. This is a drop from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. The ex-dividend date of this dividend was Monday, September 28th.

Hedge Funds Weigh In On Freedom 100 Emerging Markets ETF

A number of institutional investors have recently modified their holdings of FRDM. CoreCap Advisors LLC purchased a new position in shares of Freedom 100 Emerging Markets ETF during the third quarter valued at approximately $28,000. Capital Analysts LLC purchased a new stake in Freedom 100 Emerging Markets ETF in the 2nd quarter valued at $32,000. Root Financial Partners LLC purchased a new stake in Freedom 100 Emerging Markets ETF in the 3rd quarter valued at $35,000. Abound Wealth Management purchased a new stake in Freedom 100 Emerging Markets ETF in the 2nd quarter valued at $36,000. Finally, Assetmark Inc. lifted its stake in Freedom 100 Emerging Markets ETF by 231.3% during the 1st quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $39,000 after acquiring an additional 502 shares in the last quarter.

About Freedom 100 Emerging Markets ETF

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.