First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM – Get Free Report) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 152 shares, a decline of 95.0% from the October 15th total of 3,047 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 23,223 shares, the days-to-cover ratio is presently 0.0 days.
First Trust Bloomberg Emerging Market Democracies ETF Price Performance
Shares of First Trust Bloomberg Emerging Market Democracies ETF stock traded down $0.46 during trading on Tuesday, reaching $38.22. 44,735 shares of the company traded hands, compared to its average volume of 11,165. First Trust Bloomberg Emerging Market Democracies ETF has a 1-year low of $28.54 and a 1-year high of $45.03. The company has a 50 day moving average price of $41.14 and a 200-day moving average price of $39.86. The firm has a market capitalization of $40.13 million, a PE ratio of 12.05 and a beta of 0.93.
Institutional Investors Weigh In On First Trust Bloomberg Emerging Market Democracies ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhodes Investment Advisors Inc. ADV bought a new position in shares of First Trust Bloomberg Emerging Market Democracies ETF during the 3rd quarter worth about $267,000. Stonebridge Financial Planning Group LLC grew its stake in shares of First Trust Bloomberg Emerging Market Democracies ETF by 133.0% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 10,838 shares of the company’s stock valued at $450,000 after buying an additional 6,186 shares during the period. Envestnet Asset Management Inc. increased its position in First Trust Bloomberg Emerging Market Democracies ETF by 40.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,684 shares of the company’s stock valued at $980,000 after buying an additional 6,485 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in First Trust Bloomberg Emerging Market Democracies ETF in the 3rd quarter valued at about $1,222,000. Finally, NI Acquisitions Company LLC bought a new stake in First Trust Bloomberg Emerging Market Democracies ETF in the 2nd quarter valued at about $1,406,000.
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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