Short Interest in Hartford Multifactor Emerging Markets ETF (NYSEARCA:ROAM) Drops By 41.6%

Hartford Multifactor Emerging Markets ETF (NYSEARCA:ROAM) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 6,109 shares, a drop of 41.6% from the May 31st total of 10,459 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 24,873 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Hartford Multifactor Emerging Markets ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC bought a new position in Hartford Multifactor Emerging Markets ETF during the first quarter worth about $36,000. Torren Management LLC bought a new stake in Hartford Multifactor Emerging Markets ETF in the 1st quarter valued at about $43,000. Private Trust Co. NA boosted its holdings in Hartford Multifactor Emerging Markets ETF by 215.2% in the 4th quarter. Private Trust Co. NA now owns 4,491 shares of the company’s stock valued at $131,000 after purchasing an additional 3,066 shares during the period. Raymond James Financial Inc. grew its position in shares of Hartford Multifactor Emerging Markets ETF by 43.4% during the 3rd quarter. Raymond James Financial Inc. now owns 25,060 shares of the company’s stock worth $698,000 after purchasing an additional 7,579 shares in the last quarter. Finally, Mariner LLC grew its position in shares of Hartford Multifactor Emerging Markets ETF by 1.5% during the 4th quarter. Mariner LLC now owns 25,366 shares of the company’s stock worth $739,000 after purchasing an additional 377 shares in the last quarter.

Hartford Multifactor Emerging Markets ETF Price Performance

ROAM traded down $0.36 during trading on Wednesday, hitting $35.41. The stock had a trading volume of 19,671 shares, compared to its average volume of 30,872. The company has a 50 day moving average price of $35.53 and a 200-day moving average price of $32.69. The firm has a market cap of $111.54 million, a price-to-earnings ratio of 11.22 and a beta of 0.69. Hartford Multifactor Emerging Markets ETF has a one year low of $26.03 and a one year high of $37.76.

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.