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

Democratic Large Cap Core ETF (NASDAQ:DEMZ) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 13,622 shares, a growth of 87.5% from the July 30th total of 7,264 shares. Based on an average daily volume of 1,968 shares, the days-to-cover ratio is currently 6.9 days. Approximately 1.0% of the shares of the stock are sold short.

Democratic Large Cap Core ETF Stock Down 0.6%

NASDAQ DEMZ traded down $0.30 on Friday, reaching $48.15. The company had a trading volume of 1,835 shares, compared to its average volume of 3,585. Democratic Large Cap Core ETF has a 12 month low of $39.04 and a 12 month high of $48.63. The firm’s 50 day moving average price is $47.34 and its 200 day moving average price is $44.72. The stock has a market capitalization of $67.41 million, a PE ratio of 28.63 and a beta of 1.03.

Hedge Funds Weigh In On Democratic Large Cap Core ETF

A hedge fund recently raised its stake in Democratic Large Cap Core ETF stock. Envestnet Portfolio Solutions Inc. boosted its position in Democratic Large Cap Core ETF (NASDAQ:DEMZ) by 64.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,109 shares of the company’s stock after purchasing 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.

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.