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

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

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

First Trust Bloomberg Emerging Market Democracies ETF Trading Down 1.0%

Shares of First Trust Bloomberg Emerging Market Democracies ETF stock traded down $0.45 during trading on Tuesday, reaching $43.60. The stock had a trading volume of 5,817 shares, compared to its average volume of 8,804. The company has a market capitalization of $26.16 million, a price-to-earnings ratio of 12.05 and a beta of 0.85. The stock has a fifty day moving average price of $40.52 and a two-hundred day moving average price of $36.41. First Trust Bloomberg Emerging Market Democracies ETF has a 52 week low of $24.19 and a 52 week high of $44.21.

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.