First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Sees Significant Growth in Short Interest

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 15,392 shares, a growth of 139.2% from the June 15th total of 6,434 shares. Based on an average daily trading volume, of 12,454 shares, the short-interest ratio is presently 1.2 days. Approximately 1.7% of the shares of the company are short sold.

First Trust Bloomberg Emerging Market Democracies ETF Stock Performance

EMDM stock traded up $0.93 during mid-day trading on Tuesday, hitting $41.37. The company had a trading volume of 1,196 shares, compared to its average volume of 9,362. The firm has a market cap of $37.23 million, a PE ratio of 12.05 and a beta of 0.85. First Trust Bloomberg Emerging Market Democracies ETF has a 12 month low of $24.85 and a 12 month high of $45.03. The stock’s fifty day moving average price is $42.16 and its two-hundred day moving average price is $38.12.

Institutional Investors Weigh In On First Trust Bloomberg Emerging Market Democracies ETF

A hedge fund recently bought a new stake in First Trust Bloomberg Emerging Market Democracies ETF stock. GeoWealth Management LLC acquired a new stake in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 27,518 shares of the company’s stock, valued at approximately $862,000. GeoWealth Management LLC owned about 5.50% of First Trust Bloomberg Emerging Market Democracies ETF at the end of the most recent quarter.

First Trust Bloomberg Emerging Market Democracies ETF Company Profile

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.