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

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 152 shares, a decrease of 95.0% from the October 15th total of 3,047 shares. Based on an average trading volume of 23,223 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Bloomberg Emerging Market Democracies ETF Price Performance

NYSEARCA EMDM traded down $0.69 during trading on Thursday, reaching $38.13. 9,272 shares of the company’s stock traded hands, compared to its average volume of 11,148. First Trust Bloomberg Emerging Market Democracies ETF has a 12-month low of $28.54 and a 12-month high of $45.03. The firm has a market cap of $40.04 million, a price-to-earnings ratio of 11.61 and a beta of 0.96. The company’s 50 day simple moving average is $40.91 and its two-hundred day simple moving average is $39.91.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Compass Financial Management LLC purchased a new stake in First Trust Bloomberg Emerging Market Democracies ETF during the second quarter valued at approximately $2,853,000. NI Acquisitions Company LLC acquired a new position in shares of First Trust Bloomberg Emerging Market Democracies ETF during the second quarter worth $1,406,000. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Bloomberg Emerging Market Democracies ETF during the 3rd quarter valued at $1,222,000. Stonebridge Financial Planning Group LLC lifted its holdings in shares of First Trust Bloomberg Emerging Market Democracies ETF by 133.0% during the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 10,838 shares of the company’s stock valued at $450,000 after purchasing an additional 6,186 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Trust Bloomberg Emerging Market Democracies ETF by 40.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,684 shares of the company’s stock worth $980,000 after purchasing an additional 6,485 shares in the last quarter.

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.