Short Interest in First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Drops By 86.3%

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 14 shares, a decrease of 86.3% from the May 31st total of 102 shares. Based on an average daily volume of 536 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust S&P 500 Economic Moat ETF

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

First Trust S&P 500 Economic Moat ETF Price Performance

First Trust S&P 500 Economic Moat ETF stock traded up $0.21 during mid-day trading on Friday, hitting $26.31. The company’s stock had a trading volume of 214 shares, compared to its average volume of 1,531. The stock has a market cap of $2.63 million, a price-to-earnings ratio of 24.64 and a beta of 0.82. The business has a 50 day moving average price of $25.54 and a 200-day moving average price of $24.75. First Trust S&P 500 Economic Moat ETF has a 12 month low of $22.69 and a 12 month high of $26.69.

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.