First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Sees Large Decrease in Short Interest

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the recipient of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 152 shares, a decrease of 95.0% from the October 15th total of 3,047 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 23,223 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of First Trust Bloomberg Emerging Market Democracies ETF

A number of large investors have recently made changes to their positions in the stock. Rhodes Investment Advisors Inc. ADV acquired a new position in First Trust Bloomberg Emerging Market Democracies ETF in the 3rd quarter valued at $267,000. Stonebridge Financial Planning Group LLC boosted its holdings in shares of First Trust Bloomberg Emerging Market Democracies ETF by 133.0% during the third quarter. Stonebridge Financial Planning Group LLC now owns 10,838 shares of the company’s stock worth $450,000 after purchasing an additional 6,186 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust Bloomberg Emerging Market Democracies ETF by 40.0% in the second quarter. Envestnet Asset Management Inc. now owns 22,684 shares of the company’s stock valued at $980,000 after purchasing an additional 6,485 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Bloomberg Emerging Market Democracies ETF in the third quarter valued at $1,222,000. Finally, NI Acquisitions Company LLC purchased a new stake in shares of First Trust Bloomberg Emerging Market Democracies ETF in the second quarter valued at $1,406,000.

First Trust Bloomberg Emerging Market Democracies ETF Trading Up 1.6%

Shares of NYSEARCA:EMDM traded up $0.62 on Wednesday, reaching $38.84. 7,793 shares of the company were exchanged, compared to its average volume of 11,149. The company has a 50-day moving average of $41.06 and a 200-day moving average of $39.88. The firm has a market cap of $40.79 million, a price-to-earnings ratio of 11.61 and a beta of 0.96. First Trust Bloomberg Emerging Market Democracies ETF has a 1-year low of $28.54 and a 1-year high of $45.03.

First Trust Bloomberg Emerging Market Democracies ETF Company Profile

The First Trust Exchange-Traded Fun (EMDM) is an exchange-traded fund that mostly invests in total market equity. The fund follows a principles-based index of large- and mid-cap companies located in emerging market countries considered to have electoral democracy. Holdings are weighted based on a combination of governance score and market capitalization. EMDM was launched on Mar 2, 2023 and is managed by First Trust.