First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM – Get Free Report) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,398 shares, a decrease of 79.1% from the April 15th total of 6,692 shares. Based on an average trading volume of 6,370 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.
First Trust Bloomberg Emerging Market Democracies ETF Stock Down 3.7%
First Trust Bloomberg Emerging Market Democracies ETF stock traded down $1.55 during trading on Friday, hitting $40.32. The stock had a trading volume of 287 shares, compared to its average volume of 8,846. First Trust Bloomberg Emerging Market Democracies ETF has a 1 year low of $23.38 and a 1 year high of $42.38. The stock has a market cap of $24.19 million, a price-to-earnings ratio of 12.05 and a beta of 0.82. The stock’s 50 day moving average is $37.56 and its two-hundred day moving average is $34.61.
Institutional Investors Weigh In On First Trust Bloomberg Emerging Market Democracies ETF
A hedge fund recently raised its stake in First Trust Bloomberg Emerging Market Democracies ETF stock. Naples Global Advisors LLC lifted its position in shares of First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM – Free Report) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,601 shares of the company’s stock after buying an additional 1,710 shares during the period. Naples Global Advisors LLC owned about 11.32% of First Trust Bloomberg Emerging Market Democracies ETF worth $1,774,000 as of its most recent SEC filing.
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.
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