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

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 9 shares, a decline of 35.7% from the June 15th total of 14 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 478 shares, the short-interest ratio is presently 0.0 days.

First Trust S&P 500 Economic Moat ETF Trading Down 1.1%

Shares of First Trust S&P 500 Economic Moat ETF stock opened at $26.51 on Friday. The firm’s 50 day simple moving average is $26.12 and its two-hundred day simple moving average is $25.04. The firm has a market capitalization of $2.65 million, a price-to-earnings ratio of 24.64 and a beta of 0.79. First Trust S&P 500 Economic Moat ETF has a 12-month low of $22.69 and a 12-month high of $26.81.

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

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

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.