First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Sees Large Growth in Short Interest

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 2,492 shares, an increase of 27,588.9% from the June 30th total of 9 shares. Based on an average daily volume of 318 shares, the days-to-cover ratio is currently 7.8 days. Currently, 2.5% of the company’s stock are sold short.

Institutional Trading of First Trust S&P 500 Economic Moat ETF

A number of hedge funds have recently made changes to their positions in the stock. Signal Advisors Wealth LLC increased its stake in shares of First Trust S&P 500 Economic Moat ETF by 1.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 67,592 shares of the company’s stock worth $1,609,000 after buying an additional 694 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in First Trust S&P 500 Economic Moat ETF by 112.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 36,673 shares of the company’s stock valued at $873,000 after acquiring an additional 19,445 shares during the last quarter. Citadel Advisors LLC acquired a new position in First Trust S&P 500 Economic Moat ETF during the 3rd quarter worth $398,000. Finally, Jane Street Group LLC acquired a new position in First Trust S&P 500 Economic Moat ETF during the 4th quarter worth $335,000.

First Trust S&P 500 Economic Moat ETF Stock Up 1.0%

EMOT stock opened at $26.29 on Friday. First Trust S&P 500 Economic Moat ETF has a 52-week low of $22.69 and a 52-week high of $26.81. The stock’s 50 day moving average is $26.22 and its two-hundred day moving average is $25.12. The company has a market capitalization of $2.63 million, a PE ratio of 24.64 and a beta of 0.79.

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.