First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,955 shares, an increase of 182.9% from the April 30th total of 1,398 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 16,859 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in First Trust Bloomberg Emerging Market Democracies ETF stock. GeoWealth Management LLC purchased a new position in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 and Exchange Commission (SEC).
First Trust Bloomberg Emerging Market Democracies ETF Trading Down 0.1%
Shares of First Trust Bloomberg Emerging Market Democracies ETF stock traded down $0.04 during trading on Friday, hitting $43.16. The stock had a trading volume of 4,040 shares, compared to its average volume of 8,905. The firm has a market cap of $25.90 million, a price-to-earnings ratio of 12.05 and a beta of 0.82. First Trust Bloomberg Emerging Market Democracies ETF has a 12 month low of $23.40 and a 12 month high of $43.32. The business’s 50-day moving average is $38.84 and its 200 day moving average is $35.45.
First Trust Bloomberg Emerging Market Democracies ETF Company Profile
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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