The Free Markets ETF (NYSEARCA:FMKT) Sees Significant Growth in Short Interest

by · The Markets Daily

The Free Markets ETF (NYSEARCA:FMKT – Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,077 shares, an increase of 140.9% from the September 15th total of 447 shares. Based on an average daily volume of 2,097 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Free Markets ETF Stock Down 2.3%

Shares of Free Markets ETF stock traded down $0.51 during trading hours on Wednesday, reaching $21.33. 11,691 shares of the company’s stock were exchanged, compared to its average volume of 4,853. Free Markets ETF has a 1 year low of $19.55 and a 1 year high of $24.45. The company has a market capitalization of $10.03 million, a P/E ratio of 27.82 and a beta of 1.00. The business has a fifty day moving average of $22.36 and a two-hundred day moving average of $22.03.

Hedge Funds Weigh In On Free Markets ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stegent Equity Advisors Inc. grew its stake in Free Markets ETF by 23.7% during the 1st quarter. Stegent Equity Advisors Inc. now owns 64,631 shares of the company’s stock valued at $1,331,000 after acquiring an additional 12,387 shares in the last quarter. Osbon Capital Management LLC acquired a new stake in Free Markets ETF in the 4th quarter valued at about $88,000. Finally, Main Street Group LTD purchased a new position in Free Markets ETF in the 1st quarter worth approximately $47,000.

Free Markets ETF Company Profile

(Get Free Report)

Tidal ETF Trust – The Free Markets ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund is co-managed by SYKON Asset Management LLC, Point Bridge Capital, LLC and Tactical Rotation Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis to create its portfolio.

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