First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Short Interest Update

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDMGet Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 15,392 shares, a growth of 139.2% from the June 15th total of 6,434 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 12,454 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On First Trust Bloomberg Emerging Market Democracies ETF

A hedge fund recently raised its stake in First Trust Bloomberg Emerging Market Democracies ETF stock. Naples Global Advisors LLC raised its holdings in shares of First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDMFree Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,601 shares of the company’s stock after purchasing an additional 1,710 shares during the period. Naples Global Advisors LLC owned 11.32% of First Trust Bloomberg Emerging Market Democracies ETF worth $1,774,000 as of its most recent SEC filing.

First Trust Bloomberg Emerging Market Democracies ETF Stock Down 0.7%

Shares of NYSEARCA:EMDM traded down $0.27 during midday trading on Wednesday, reaching $41.05. The company’s stock had a trading volume of 6,768 shares, compared to its average volume of 9,596. The firm has a 50 day moving average of $42.17 and a 200-day moving average of $38.27. The firm has a market capitalization of $39.00 million, a P/E ratio of 12.05 and a beta of 0.85. First Trust Bloomberg Emerging Market Democracies ETF has a 12-month low of $24.85 and a 12-month high of $45.03.

About First Trust Bloomberg Emerging Market Democracies ETF

(Get Free Report)

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.

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