Short Interest in Motley Fool 100 Index ETF (BATS:TMFC) Drops By 42.2%

Motley Fool 100 Index ETF (BATS:TMFC) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 65,223 shares, a decline of 42.2% from the May 14th total of 112,763 shares. Based on an average trading volume of 59,570 shares, the short-interest ratio is currently 1.1 days. Approximately 0.3% of the company’s stock are sold short.

Motley Fool 100 Index ETF Stock Up 0.5%

BATS TMFC opened at $75.57 on Friday. Motley Fool 100 Index ETF has a 52 week low of $61.37 and a 52 week high of $78.96. The stock has a market capitalization of $1.73 billion, a PE ratio of 30.01 and a beta of 1.14. The firm has a 50 day moving average of $74.60 and a two-hundred day moving average of $71.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TMFC. NBT Bank N A NY boosted its holdings in shares of Motley Fool 100 Index ETF by 594.4% in the 1st quarter. NBT Bank N A NY now owns 500 shares of the company’s stock valued at $33,000 after buying an additional 428 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Motley Fool 100 Index ETF by 179.6% in the 2nd quarter. NewEdge Advisors LLC now owns 604 shares of the company’s stock valued at $39,000 after buying an additional 388 shares in the last quarter. Main Street Group LTD acquired a new position in shares of Motley Fool 100 Index ETF in the 1st quarter valued at $44,000. EverSource Wealth Advisors LLC acquired a new position in shares of Motley Fool 100 Index ETF in the 4th quarter valued at $57,000. Finally, Triumph Capital Management acquired a new position in shares of Motley Fool 100 Index ETF in the 3rd quarter valued at $63,000.

About Motley Fool 100 Index ETF

The Motley Fool 100 Index ETF (TMFC) is an exchange-traded fund that is based on the Motley Fool 100 index. The fund tracks an index of 100 of the largest US companies identified by any of the Motley Fool publications, including the top companies in the Motley Fool IQ Database. TMFC was launched on Jan 29, 2018 and is managed by Motley Fool.