First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Stock Short Interest Report for October

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 3,047 shares, a decline of 94.8% from the September 30th total of 58,335 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 5,148 shares, the short-interest ratio is presently 0.6 days.

First Trust Bloomberg Emerging Market Democracies ETF Stock Down 3.3%

Shares of EMDM traded down $1.30 during mid-day trading on Monday, reaching $38.29. 163,414 shares of the stock traded hands, compared to its average volume of 10,660. The stock has a fifty day simple moving average of $41.90 and a 200 day simple moving average of $39.63. First Trust Bloomberg Emerging Market Democracies ETF has a 12-month low of $28.54 and a 12-month high of $45.03. The firm has a market cap of $40.20 million, a price-to-earnings ratio of 12.05 and a beta of 0.89.

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

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

About First Trust Bloomberg Emerging Market Democracies ETF

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.