Freedom 100 Emerging Markets ETF (BATS:FRDM) Sees Large Drop in Short Interest

Freedom 100 Emerging Markets ETF (BATS:FRDM) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 125,317 shares, a drop of 50.5% from the June 15th total of 252,919 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 324,747 shares, the days-to-cover ratio is currently 0.4 days.

Freedom 100 Emerging Markets ETF Price Performance

FRDM opened at $67.32 on Thursday. Freedom 100 Emerging Markets ETF has a fifty-two week low of $39.92 and a fifty-two week high of $76.90. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. The company’s 50 day moving average price is $70.20 and its two-hundred day moving average price is $62.23.

Hedge Funds Weigh In On Freedom 100 Emerging Markets ETF

A number of hedge funds have recently modified their holdings of the business. Fermata Advisors LLC acquired a new stake in Freedom 100 Emerging Markets ETF during the 4th quarter worth about $500,000. Signal Advisors Wealth LLC raised its position in shares of Freedom 100 Emerging Markets ETF by 17.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 131,112 shares of the company’s stock worth $6,722,000 after acquiring an additional 19,066 shares in the last quarter. Enzi Wealth acquired a new position in shares of Freedom 100 Emerging Markets ETF in the 4th quarter valued at about $15,004,000. Lansing Street Advisors lifted its stake in shares of Freedom 100 Emerging Markets ETF by 27.7% in the 4th quarter. Lansing Street Advisors now owns 90,316 shares of the company’s stock valued at $4,630,000 after purchasing an additional 19,573 shares during the period. Finally, Lord & Richards Wealth Management LLC boosted its position in shares of Freedom 100 Emerging Markets ETF by 46.1% during the 4th quarter. Lord & Richards Wealth Management LLC now owns 34,792 shares of the company’s stock valued at $1,784,000 after purchasing an additional 10,976 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.