First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Short Interest Update

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 3,131 shares, a growth of 950.7% from the July 30th total of 298 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 12,958 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust Bloomberg Emerging Market Democracies ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EMDM. Compass Financial Management LLC bought a new stake in First Trust Bloomberg Emerging Market Democracies ETF during the 2nd quarter worth approximately $2,853,000. NI Acquisitions Company LLC bought a new position in shares of First Trust Bloomberg Emerging Market Democracies ETF in the second quarter valued at approximately $1,406,000. GeoWealth Management LLC purchased a new position in shares of First Trust Bloomberg Emerging Market Democracies ETF during the fourth quarter valued at approximately $862,000. Finally, Naples Global Advisors LLC boosted its position in shares of First Trust Bloomberg Emerging Market Democracies ETF by 3.1% during the fourth quarter. Naples Global Advisors LLC now owns 56,601 shares of the company’s stock valued at $1,774,000 after buying an additional 1,710 shares during the last quarter.

First Trust Bloomberg Emerging Market Democracies ETF Stock Performance

Shares of EMDM stock remained flat at $42.21 during mid-day trading on Thursday. The stock had a trading volume of 5,566 shares, compared to its average volume of 10,335. The business has a fifty day moving average price of $41.34 and a two-hundred day moving average price of $39.70. The stock has a market capitalization of $40.10 million, a P/E ratio of 12.05 and a beta of 0.87. First Trust Bloomberg Emerging Market Democracies ETF has a 12-month low of $25.44 and a 12-month high of $45.03.

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.