First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Shares Shorted: Short Interest Down 39.9% in October

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,753 shares, a decrease of 39.9% from the September 30th total of 2,916 shares. Based on an average daily trading volume, of 1,927 shares, the short-interest ratio is currently 0.9 days. Approximately 1.8% of the company’s stock are short sold.

First Trust S&P 500 Economic Moat ETF Price Performance

NYSEARCA:EMOT traded down $0.01 during midday trading on Tuesday, reaching $26.98. The stock had a trading volume of 182 shares, compared to its average volume of 1,173. The stock has a market capitalization of $2.70 million, a P/E ratio of 24.64 and a beta of 0.81. First Trust S&P 500 Economic Moat ETF has a 1-year low of $22.97 and a 1-year high of $27.47. The firm’s fifty day simple moving average is $26.45 and its 200-day simple moving average is $25.67.

About First Trust S&P 500 Economic Moat ETF

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.