Freedom Day Dividend ETF (NYSEARCA:MBOX) Sees Significant Drop in Short Interest

Freedom Day Dividend ETF (NYSEARCA:MBOX) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 549 shares, a decrease of 41.2% from the April 15th total of 934 shares. Based on an average daily trading volume, of 3,110 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Freedom Day Dividend ETF

A hedge fund recently bought a new stake in Freedom Day Dividend ETF stock. JPMorgan Chase & Co. bought a new stake in Freedom Day Dividend ETF (NYSEARCA:MBOX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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.

Freedom Day Dividend ETF Price Performance

MBOX traded up $0.24 during mid-day trading on Monday, hitting $38.83. The stock had a trading volume of 5,594 shares, compared to its average volume of 3,932. The stock’s fifty day simple moving average is $37.56 and its 200-day simple moving average is $36.58. The firm has a market capitalization of $136.68 million, a price-to-earnings ratio of 16.38 and a beta of 0.79. Freedom Day Dividend ETF has a 1-year low of $32.33 and a 1-year high of $39.06.

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.