First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 6,767 shares, a growth of 71.1% from the May 14th total of 3,955 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 8,718 shares, the short-interest ratio is currently 0.8 days.
Hedge Funds 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 boosted its stake in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM – Free Report) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,601 shares of the company’s stock after acquiring an additional 1,710 shares during the period. Naples Global Advisors LLC owned 11.32% of First Trust Bloomberg Emerging Market Democracies ETF worth $1,774,000 as of its most recent SEC filing.
First Trust Bloomberg Emerging Market Democracies ETF Stock Up 3.1%
EMDM stock traded up $1.34 during trading on Monday, hitting $44.05. The company had a trading volume of 17,190 shares, compared to its average volume of 8,831. The firm has a market cap of $26.43 million, a PE ratio of 12.05 and a beta of 0.85. First Trust Bloomberg Emerging Market Democracies ETF has a 1-year low of $24.19 and a 1-year high of $44.21. The firm has a 50-day moving average price of $40.35 and a 200-day moving average price of $36.32.
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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