FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) Sees Large Drop in Short Interest

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 848 shares, a decline of 50.6% from the December 31st total of 1,716 shares. Based on an average daily volume of 3,135 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 3,135 shares, the days-to-cover ratio is currently 0.3 days.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Stock Down 0.7%

Shares of FEDM stock opened at $61.80 on Thursday. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund has a fifty-two week low of $43.00 and a fifty-two week high of $62.26. The firm’s 50 day moving average price is $59.43 and its two-hundred day moving average price is $57.67. The stock has a market cap of $78.49 million, a price-to-earnings ratio of 17.40 and a beta of 0.82.

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

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.