Frontier Asset Absolute Return ETF (NYSEARCA:FARX – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 3 shares, a drop of 97.1% from the August 15th total of 104 shares. Based on an average daily trading volume, of 724 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Frontier Asset Absolute Return ETF Price Performance
FARX traded up $0.12 during trading on Thursday, reaching $30.06. 81,532 shares of the stock were exchanged, compared to its average volume of 1,912. The stock’s 50 day moving average price is $29.38 and its two-hundred day moving average price is $29.01. Frontier Asset Absolute Return ETF has a twelve month low of $26.30 and a twelve month high of $30.06.
Frontier Asset Absolute Return ETF Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were given a $0.1158 dividend. This is a boost from Frontier Asset Absolute Return ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.5%.
Institutional Investors Weigh In On Frontier Asset Absolute Return ETF
Frontier Asset Absolute Return ETF Company Profile
The Frontier Asset Absolute Return ETF (FARX) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund seeks to achieve long-term total return through an actively managed fund-of-funds that utilizes an absolute return approach. The portfolio generally holds 6 to 20 underlying ETFs across multiple asset classes. FARX was launched on Dec 19, 2024 and is issued by Frontier.
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