Short Interest in First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Expands By 27,588.9%

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,492 shares, a growth of 27,588.9% from the June 30th total of 9 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average trading volume of 318 shares, the days-to-cover ratio is presently 7.8 days.

First Trust S&P 500 Economic Moat ETF Price Performance

Shares of EMOT traded up $0.27 during mid-day trading on Friday, reaching $26.29. 113 shares of the company’s stock were exchanged, compared to its average volume of 1,375. The business’s fifty day simple moving average is $26.20 and its 200-day simple moving average is $25.12. The stock has a market capitalization of $2.63 million, a PE ratio of 24.64 and a beta of 0.79. First Trust S&P 500 Economic Moat ETF has a 52-week low of $22.69 and a 52-week high of $26.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings 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 valued at $873,000 after buying an additional 19,445 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of First Trust S&P 500 Economic Moat ETF during the third quarter worth about $398,000. Jane Street Group LLC acquired a new position in First Trust S&P 500 Economic Moat ETF in the 4th quarter valued at about $335,000. Finally, Signal Advisors Wealth LLC increased its position in First Trust S&P 500 Economic Moat ETF by 1.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 67,592 shares of the company’s stock valued at $1,609,000 after acquiring an additional 694 shares during the period.

First Trust S&P 500 Economic Moat ETF Company Profile

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.