First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Sees Large Increase in Short Interest

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 6,767 shares, a growth of 71.1% from the May 14th total of 3,955 shares. Based on an average daily volume of 8,718 shares, the short-interest ratio is currently 0.8 days. Currently, 1.1% of the shares of the company are short sold.

Hedge Funds 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 boosted its stake in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,601 shares of the company’s stock after acquiring 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 Trading Up 3.1%

Shares of First Trust Bloomberg Emerging Market Democracies ETF stock traded up $1.34 on Monday, hitting $44.05. The stock had a trading volume of 17,190 shares, compared to its average volume of 8,831. First Trust Bloomberg Emerging Market Democracies ETF has a 52-week low of $24.19 and a 52-week high of $44.21. The stock has a market cap of $26.43 million, a price-to-earnings ratio of 12.05 and a beta of 0.85. The company’s 50 day moving average price is $40.35 and its 200 day moving average price is $36.32.

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.