First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Shares Shorted: Short Interest Down 95.0% in October

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 152 shares, a decrease of 95.0% from the October 15th total of 3,047 shares. Based on an average daily volume of 23,223 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of First Trust Bloomberg Emerging Market Democracies ETF

Large investors have recently bought and sold shares of the business. Rhodes Investment Advisors Inc. ADV acquired a new position in shares of First Trust Bloomberg Emerging Market Democracies ETF in the 3rd quarter valued at about $267,000. Stonebridge Financial Planning Group LLC grew its stake in First Trust Bloomberg Emerging Market Democracies ETF by 133.0% during the third quarter. Stonebridge Financial Planning Group LLC now owns 10,838 shares of the company’s stock worth $450,000 after purchasing an additional 6,186 shares during the period. Envestnet Asset Management Inc. grew 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 purchasing an additional 6,485 shares during the period. Commonwealth Equity Services LLC acquired a new stake in First Trust Bloomberg Emerging Market Democracies ETF during the third quarter worth approximately $1,222,000. Finally, NI Acquisitions Company LLC bought a new stake in First Trust Bloomberg Emerging Market Democracies ETF in the second quarter worth approximately $1,406,000.

First Trust Bloomberg Emerging Market Democracies ETF Price Performance

Shares of EMDM traded down $0.46 during trading hours on Tuesday, hitting $38.22. 44,735 shares of the stock were exchanged, compared to its average volume of 11,165. First Trust Bloomberg Emerging Market Democracies ETF has a fifty-two week low of $28.54 and a fifty-two week high of $45.03. The business has a 50-day moving average of $41.14 and a 200-day moving average of $39.86. The firm has a market capitalization of $40.13 million, a P/E ratio of 12.05 and a beta of 0.93.

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.