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

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 3,955 shares, a growth of 182.9% from the April 30th total of 1,398 shares. Based on an average daily volume of 16,859 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.7% of the company’s stock are sold short.

First Trust Bloomberg Emerging Market Democracies ETF Trading Down 0.1%

NYSEARCA EMDM traded down $0.04 on Friday, reaching $43.16. The stock had a trading volume of 4,040 shares, compared to its average volume of 8,905. The business has a 50 day moving average price of $38.84 and a 200 day moving average price of $35.45. First Trust Bloomberg Emerging Market Democracies ETF has a 1 year low of $23.40 and a 1 year high of $43.32. The company has a market capitalization of $25.90 million, a price-to-earnings ratio of 12.05 and a beta of 0.82.

Hedge Funds Weigh In On First Trust Bloomberg Emerging Market Democracies ETF

An institutional investor recently bought a new position in First Trust Bloomberg Emerging Market Democracies ETF stock. GeoWealth Management LLC acquired a new position in shares of First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,518 shares of the company’s stock, valued at approximately $862,000. GeoWealth Management LLC owned about 5.50% of First Trust Bloomberg Emerging Market Democracies ETF as of its most recent filing with the Securities and Exchange Commission.

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.