First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Sees Significant Increase in Short Interest

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 272 shares, a growth of 91.5% from the April 15th total of 142 shares. Based on an average daily volume of 379 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust S&P 500 Economic Moat ETF

Several institutional investors have recently modified their holdings of EMOT. Signal Advisors Wealth LLC raised its stake in shares of First Trust S&P 500 Economic Moat ETF by 1.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 67,592 shares of the company’s stock worth $1,609,000 after buying an additional 694 shares during the period. Tower Research Capital LLC TRC raised its stake in First Trust S&P 500 Economic Moat ETF by 112.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 36,673 shares of the company’s stock valued at $873,000 after purchasing an additional 19,445 shares during the period. Citadel Advisors LLC bought a new stake in First Trust S&P 500 Economic Moat ETF during the 3rd quarter valued at approximately $398,000. Finally, Jane Street Group LLC bought a new stake in First Trust S&P 500 Economic Moat ETF during the 4th quarter valued at approximately $335,000.

First Trust S&P 500 Economic Moat ETF Stock Performance

EMOT stock remained flat at $25.42 during midday trading on Tuesday. The company had a trading volume of 218 shares, compared to its average volume of 1,861. The stock has a market cap of $2.54 million, a price-to-earnings ratio of 24.64 and a beta of 0.83. The stock’s 50-day moving average price is $24.33 and its 200-day moving average price is $24.30. First Trust S&P 500 Economic Moat ETF has a 12 month low of $21.83 and a 12 month high of $25.42.

First Trust S&P 500 Economic Moat ETF Company Profile

The First Trust S&P 500 Economic Moat ETF (EMOT) is an exchange-traded fund that is based on the S&P 500 Economic Moat index. The fund aims to track an equal-weighted index comprised of S&P 500 stocks with sustainable competitive advantages, determined by metrics such as gross margins, ROIC, and market share. EMOT was launched on Jun 26, 2024 and is issued by First Trust.