First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Sees Large Decline in Short Interest

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 14 shares, a decline of 86.3% from the May 31st total of 102 shares. Based on an average daily volume of 536 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust S&P 500 Economic Moat ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of First Trust S&P 500 Economic Moat ETF during the fourth quarter worth $335,000. Citadel Advisors LLC acquired a new position in First Trust S&P 500 Economic Moat ETF in the 3rd quarter valued at approximately $398,000. Tower Research Capital LLC TRC raised its stake 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 valued at $873,000 after acquiring an additional 19,445 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew its stake 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 purchasing an additional 694 shares during the last quarter.

First Trust S&P 500 Economic Moat ETF Trading Up 0.5%

NYSEARCA EMOT traded up $0.14 during trading on Friday, reaching $26.24. The company’s stock had a trading volume of 220 shares, compared to its average volume of 1,531. The firm has a 50 day moving average price of $25.58 and a 200 day moving average price of $24.76. First Trust S&P 500 Economic Moat ETF has a 12 month low of $22.69 and a 12 month high of $26.69. The firm has a market capitalization of $2.62 million, a price-to-earnings ratio of 24.64 and a beta of 0.82.

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.