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

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDMGet Free Report) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 15,392 shares, an increase of 139.2% from the June 15th total of 6,434 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 12,454 shares, the short-interest ratio is currently 1.2 days.

First Trust Bloomberg Emerging Market Democracies ETF Price Performance

Shares of First Trust Bloomberg Emerging Market Democracies ETF stock traded up $0.93 during trading hours on Tuesday, reaching $41.37. The company had a trading volume of 1,196 shares, compared to its average volume of 9,362. First Trust Bloomberg Emerging Market Democracies ETF has a one year low of $24.85 and a one year high of $45.03. The business has a fifty day simple moving average of $42.16 and a 200 day simple moving average of $38.12. The firm has a market cap of $37.23 million, a PE ratio of 12.05 and a beta of 0.85.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in First Trust Bloomberg Emerging Market Democracies ETF stock. Naples Global Advisors LLC raised its stake in shares of First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDMFree Report) by 3.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,601 shares of the company’s stock after buying an additional 1,710 shares during the quarter. Naples Global Advisors LLC owned about 11.32% of First Trust Bloomberg Emerging Market Democracies ETF worth $1,774,000 at the end of the most recent reporting period.

First Trust Bloomberg Emerging Market Democracies ETF Company Profile

(Get Free Report)

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.

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