FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) Short Interest Down 56.5% in March

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,208 shares, a decline of 56.5% from the February 26th total of 5,076 shares. Based on an average trading volume of 3,484 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Stock Performance

FEDM stock traded down $0.44 during midday trading on Friday, reaching $56.37. 153 shares of the company traded hands, compared to its average volume of 2,381. The firm has a market capitalization of $71.59 million, a price-to-earnings ratio of 17.40 and a beta of 0.82. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund has a 52-week low of $43.00 and a 52-week high of $64.02. The business has a 50 day moving average of $60.99 and a 200-day moving average of $59.21.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 20th were given a dividend of $0.1591 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.64 annualized dividend and a dividend yield of 1.1%.

About FlexShares ESG & Climate Developed Markets ex-US Core Index Fund

The FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a principles-based index of large-cap companies from the developed markets outside the US that exhibit environmental, social, and corporate governance (ESG) characteristics. FEDM was launched on Sep 20, 2021 and is managed by FlexShares.