FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) Stock Short Interest Drops 82.2%

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 9,085 shares, a drop of 82.2% from the October 15th total of 51,063 shares. Based on an average trading volume of 1,157 shares, the days-to-cover ratio is currently 7.9 days. Currently, 0.7% of the shares of the company are short sold.

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

Shares of FEDM stock traded up $0.18 during midday trading on Friday, hitting $65.29. The company had a trading volume of 12 shares, compared to its average volume of 1,849. The company’s 50 day simple moving average is $64.59 and its 200 day simple moving average is $62.93. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund has a 52-week low of $53.54 and a 52-week high of $66.95. The stock has a market cap of $86.84 million, a price-to-earnings ratio of 17.92 and a beta of 0.80.

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

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.