Short Interest in First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Rises By 91.5%

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 272 shares, an increase of 91.5% from the April 15th total of 142 shares. Based on an average trading volume of 379 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust S&P 500 Economic Moat ETF

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in shares of First Trust S&P 500 Economic Moat ETF by 112.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 36,673 shares of the company’s stock worth $873,000 after buying an additional 19,445 shares during the period. Jane Street Group LLC acquired a new stake in shares of First Trust S&P 500 Economic Moat ETF in the fourth quarter worth $335,000. Signal Advisors Wealth LLC boosted its position in shares of First Trust S&P 500 Economic Moat ETF by 1.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 67,592 shares of the company’s stock worth $1,609,000 after buying an additional 694 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust S&P 500 Economic Moat ETF in the third quarter worth $398,000.

First Trust S&P 500 Economic Moat ETF Price Performance

Shares of First Trust S&P 500 Economic Moat ETF stock traded up $0.19 during trading on Monday, hitting $25.42. The stock had a trading volume of 218 shares, compared to its average volume of 1,861. The firm has a market cap of $2.54 million, a P/E ratio of 24.64 and a beta of 0.83. The business has a fifty day moving average of $24.33 and a two-hundred day moving average of $24.30. First Trust S&P 500 Economic Moat ETF has a fifty-two week low of $21.83 and a fifty-two week high of $25.42.

About First Trust S&P 500 Economic Moat ETF

The First Trust S&P 500 Economic Moat ETF (EMOT) is an exchange-traded fund that is based on the S&P 500 Economic Moat index. The fund aims to track an equal-weighted index comprised of S&P 500 stocks with sustainable competitive advantages, determined by metrics such as gross margins, ROIC, and market share. EMOT was launched on Jun 26, 2024 and is issued by First Trust.