Short Interest in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Grows By 950.7%

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 3,131 shares, a growth of 950.7% from the July 30th total of 298 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 12,958 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Bloomberg Emerging Market Democracies ETF

Institutional investors have recently added to or reduced their stakes in the stock. Naples Global Advisors LLC boosted its position in shares of First Trust Bloomberg Emerging Market Democracies ETF by 3.1% during the 4th quarter. Naples Global Advisors LLC now owns 56,601 shares of the company’s stock valued at $1,774,000 after acquiring an additional 1,710 shares during the last quarter. GeoWealth Management LLC purchased a new stake in shares of First Trust Bloomberg Emerging Market Democracies ETF during the fourth quarter worth $862,000. Compass Financial Management LLC acquired a new stake in First Trust Bloomberg Emerging Market Democracies ETF in the 2nd quarter valued at about $2,853,000. Finally, NI Acquisitions Company LLC acquired a new stake in First Trust Bloomberg Emerging Market Democracies ETF in the second quarter valued at approximately $1,406,000.

First Trust Bloomberg Emerging Market Democracies ETF Stock Performance

Shares of NYSEARCA:EMDM traded up $0.77 during trading on Tuesday, reaching $42.45. The stock had a trading volume of 3,730 shares, compared to its average volume of 10,365. First Trust Bloomberg Emerging Market Democracies ETF has a 1-year low of $25.44 and a 1-year high of $45.03. The stock has a market cap of $40.33 million, a PE ratio of 12.05 and a beta of 0.87. The business has a fifty day moving average price of $41.37 and a 200-day moving average price of $39.65.

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.