Freedom Day Dividend ETF (NYSEARCA:MBOX) Sees Large Increase in Short Interest

Freedom Day Dividend ETF (NYSEARCA:MBOX) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 3,999 shares, an increase of 299.1% from the July 15th total of 1,002 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 7,291 shares, the days-to-cover ratio is presently 0.5 days.

Freedom Day Dividend ETF Stock Performance

Shares of MBOX opened at $43.00 on Friday. The firm has a market cap of $153.51 million, a PE ratio of 16.38 and a beta of 0.78. The firm’s 50 day moving average price is $40.92 and its 200 day moving average price is $38.95. Freedom Day Dividend ETF has a twelve month low of $33.99 and a twelve month high of $43.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Freedom Day Dividend ETF stock. JPMorgan Chase & Co. purchased a new stake in shares of Freedom Day Dividend ETF (NYSEARCA:MBOX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,056 shares of the company’s stock, valued at approximately $108,000. JPMorgan Chase & Co. owned approximately 0.09% of Freedom Day Dividend ETF at the end of the most recent quarter.

About Freedom Day Dividend ETF

The Freedom Day Dividend ETF (MBOX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that seeks dividend growth by selecting US-listed companies the advisor believes to have the greatest potential to provide rising dividends over time. MBOX was launched on May 5, 2021 and is managed by Alpha Architect.