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

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 298 shares, a decrease of 98.6% from the July 15th total of 21,236 shares. Based on an average trading volume of 20,195 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

First Trust Bloomberg Emerging Market Democracies ETF Price Performance

EMDM stock traded up $0.08 during trading hours on Tuesday, reaching $40.54. The stock had a trading volume of 36,050 shares, compared to its average volume of 10,770. The stock has a market capitalization of $38.51 million, a PE ratio of 12.05 and a beta of 0.87. The stock has a 50-day simple moving average of $41.50 and a 200 day simple moving average of $39.25. First Trust Bloomberg Emerging Market Democracies ETF has a fifty-two week low of $25.44 and a fifty-two week high of $45.03.

Institutional Investors Weigh In On First Trust Bloomberg Emerging Market Democracies ETF

A hedge fund recently bought a new stake in First Trust Bloomberg Emerging Market Democracies ETF stock. GeoWealth Management LLC purchased a new position in shares of First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 27,518 shares of the company’s stock, valued at approximately $862,000. GeoWealth Management LLC owned 5.50% of First Trust Bloomberg Emerging Market Democracies ETF as of its most recent filing with the Securities & Exchange Commission.

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.