First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Short Interest Down 62.9% in May

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 101 shares, a drop of 62.9% from the April 30th total of 272 shares. Based on an average daily volume of 1,295 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

First Trust S&P 500 Economic Moat ETF Price Performance

EMOT stock opened at $25.98 on Friday. First Trust S&P 500 Economic Moat ETF has a fifty-two week low of $21.98 and a fifty-two week high of $26.04. The stock has a market capitalization of $2.60 million, a P/E ratio of 24.64 and a beta of 0.83. The business has a 50-day moving average of $24.61 and a 200-day moving average of $24.43.

Institutional Trading of First Trust S&P 500 Economic Moat ETF

Several hedge funds and other institutional investors have recently modified their holdings of EMOT. Jane Street Group LLC bought a new position in First Trust S&P 500 Economic Moat ETF in the 4th quarter valued at about $335,000. Citadel Advisors LLC bought a new stake in shares of First Trust S&P 500 Economic Moat ETF during the third quarter worth approximately $398,000. Tower Research Capital LLC TRC boosted its holdings in shares of First Trust S&P 500 Economic Moat ETF by 112.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 36,673 shares of the company’s stock worth $873,000 after acquiring an additional 19,445 shares during the period. Finally, Signal Advisors Wealth LLC grew 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 valued at $1,609,000 after purchasing an additional 694 shares during the last quarter.

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.