Short Interest in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Declines By 79.1%

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 1,398 shares, a decline of 79.1% from the April 15th total of 6,692 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 6,370 shares, the short-interest ratio is presently 0.2 days.

First Trust Bloomberg Emerging Market Democracies ETF Stock Performance

Shares of First Trust Bloomberg Emerging Market Democracies ETF stock traded up $0.57 on Wednesday, reaching $41.56. The stock had a trading volume of 4,600 shares, compared to its average volume of 8,982. The business’s 50-day moving average price is $37.46 and its two-hundred day moving average price is $34.53. First Trust Bloomberg Emerging Market Democracies ETF has a fifty-two week low of $23.38 and a fifty-two week high of $42.38. The stock has a market cap of $24.94 million, a P/E ratio of 12.05 and a beta of 0.82.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in First Trust Bloomberg Emerging Market Democracies ETF stock. GeoWealth Management LLC acquired 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 Form 13F filing with the Securities and Exchange Commission. The firm acquired 27,518 shares of the company’s stock, valued at approximately $862,000. GeoWealth Management LLC owned about 5.50% of First Trust Bloomberg Emerging Market Democracies ETF at the end of the most recent reporting period.

About First Trust Bloomberg Emerging Market Democracies ETF

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.