First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Stock Short Interest Jumps 320.1%

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 58,335 shares, a growth of 320.1% from the September 15th total of 13,885 shares. Approximately 5.6% of the company’s stock are short sold. Based on an average daily volume of 8,960 shares, the short-interest ratio is presently 6.5 days.

First Trust Bloomberg Emerging Market Democracies ETF Trading Up 1.4%

First Trust Bloomberg Emerging Market Democracies ETF stock traded up $0.60 during midday trading on Friday, hitting $42.15. The stock had a trading volume of 3,779 shares, compared to its average volume of 10,149. The stock has a market cap of $44.26 million, a P/E ratio of 12.05 and a beta of 0.89. First Trust Bloomberg Emerging Market Democracies ETF has a 12 month low of $27.97 and a 12 month high of $45.03. The business has a fifty day moving average price of $42.06 and a 200 day moving average price of $40.94.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Rhodes Investment Advisors Inc. ADV acquired a new position in shares of First Trust Bloomberg Emerging Market Democracies ETF in the 3rd quarter worth approximately $267,000. Envestnet Asset Management Inc. raised its position in shares of First Trust Bloomberg Emerging Market Democracies ETF by 40.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,684 shares of the company’s stock valued at $980,000 after acquiring an additional 6,485 shares in the last quarter. NI Acquisitions Company LLC acquired a new stake in shares of First Trust Bloomberg Emerging Market Democracies ETF during the 2nd quarter valued at approximately $1,406,000. Finally, Compass Financial Management LLC acquired a new stake in shares of First Trust Bloomberg Emerging Market Democracies ETF during the 2nd quarter valued at approximately $2,853,000.

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.