Short Interest in Freedom 100 Emerging Markets ETF (BATS:FRDM) Decreases By 59.7%

Freedom 100 Emerging Markets ETF (BATS:FRDM) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 31,239 shares, a decrease of 59.7% from the July 30th total of 77,495 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 217,403 shares, the days-to-cover ratio is presently 0.1 days.

Freedom 100 Emerging Markets ETF Stock Down 0.9%

Shares of BATS FRDM opened at $68.60 on Friday. The firm has a fifty day simple moving average of $67.96 and a 200 day simple moving average of $64.66. Freedom 100 Emerging Markets ETF has a twelve month low of $41.02 and a twelve month high of $76.90. The company has a market capitalization of $2.02 billion, a PE ratio of 12.68 and a beta of 0.94.

Hedge Funds Weigh In On Freedom 100 Emerging Markets ETF

Several institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LP acquired a new position in Freedom 100 Emerging Markets ETF during the 2nd quarter worth approximately $628,000. Members Advisory Group LLC grew its stake in shares of Freedom 100 Emerging Markets ETF by 293.2% in the 2nd quarter. Members Advisory Group LLC now owns 156,601 shares of the company’s stock worth $11,417,000 after acquiring an additional 116,776 shares in the last quarter. Angeles Wealth Management LLC increased its position in shares of Freedom 100 Emerging Markets ETF by 52.0% during the second quarter. Angeles Wealth Management LLC now owns 44,475 shares of the company’s stock valued at $3,257,000 after acquiring an additional 15,218 shares during the last quarter. SeedSafe Financial LLC bought a new stake in Freedom 100 Emerging Markets ETF in the second quarter worth about $3,770,000. Finally, Valued Retirements Inc. bought a new position in Freedom 100 Emerging Markets ETF during the second quarter valued at $413,000.

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.