Hartford Multifactor Emerging Markets ETF (NYSEARCA:ROAM) Sees Significant Drop in Short Interest

Hartford Multifactor Emerging Markets ETF (NYSEARCA:ROAM) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 6,605 shares, a drop of 71.1% from the March 15th total of 22,828 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 17,549 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Hartford Multifactor Emerging Markets ETF

A number of hedge funds have recently modified their holdings of the business. Empirical Asset Management LLC purchased a new position in shares of Hartford Multifactor Emerging Markets ETF in the third quarter worth about $610,000. Stratos Wealth Partners LTD. grew its stake in Hartford Multifactor Emerging Markets ETF by 24.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 490,080 shares of the company’s stock valued at $14,278,000 after acquiring an additional 96,293 shares in the last quarter. Fermata Advisors LLC raised its holdings in Hartford Multifactor Emerging Markets ETF by 8.0% in the 4th quarter. Fermata Advisors LLC now owns 37,831 shares of the company’s stock valued at $1,102,000 after acquiring an additional 2,799 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Hartford Multifactor Emerging Markets ETF by 18.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 9,559 shares of the company’s stock worth $266,000 after purchasing an additional 1,514 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Hartford Multifactor Emerging Markets ETF in the 4th quarter worth approximately $7,919,000.

Hartford Multifactor Emerging Markets ETF Stock Performance

Shares of ROAM traded up $0.25 during trading hours on Monday, hitting $32.90. 12,237 shares of the stock were exchanged, compared to its average volume of 26,816. The stock’s 50-day moving average price is $31.80 and its two-hundred day moving average price is $30.17. Hartford Multifactor Emerging Markets ETF has a 12-month low of $22.62 and a 12-month high of $33.68. The company has a market cap of $95.41 million, a price-to-earnings ratio of 11.22 and a beta of 0.64.

About Hartford Multifactor Emerging Markets ETF

The Hartford Multifactor Emerging Markets ETF (ROAM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multifactor and quant-driven index of emerging market stocks aimed at reducing concentration risk prevalent in cap-weighted indexes. ROAM was launched on Feb 26, 2015 and is managed by Hartford.