Democratic Large Cap Core ETF (NASDAQ:DEMZ) Sees Significant Increase in Short Interest

Democratic Large Cap Core ETF (NASDAQ:DEMZ) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 7,264 shares, a growth of 238.8% from the July 15th total of 2,144 shares. Based on an average daily volume of 1,540 shares, the short-interest ratio is currently 4.7 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Democratic Large Cap Core ETF stock. Envestnet Portfolio Solutions Inc. lifted its position in shares of Democratic Large Cap Core ETF (NASDAQ:DEMZ) by 64.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,109 shares of the company’s stock after acquiring an additional 39,158 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 7.70% of Democratic Large Cap Core ETF worth $4,271,000 at the end of the most recent reporting period.

Democratic Large Cap Core ETF Stock Performance

Shares of NASDAQ:DEMZ opened at $48.56 on Friday. The business has a fifty day moving average of $47.00 and a 200-day moving average of $44.40. Democratic Large Cap Core ETF has a twelve month low of $39.04 and a twelve month high of $48.63. The firm has a market cap of $67.98 million, a PE ratio of 28.63 and a beta of 1.03.

About Democratic Large Cap Core ETF

The Democratic Large Cap Core ETF (DEMZ) is an exchange-traded fund that is based on the Democratic Large Cap Core index. The fund tracks an index of US large-cap companies whose employees are highly supportive of Democratic candidates. DEMZ was launched on Nov 2, 2020 and is managed by RAM.