First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Short Interest Down 98.6% in July

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 298 shares, a drop of 98.6% from the July 15th total of 21,236 shares. Based on an average daily trading volume, of 20,195 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

First Trust Bloomberg Emerging Market Democracies ETF Trading Up 1.5%

First Trust Bloomberg Emerging Market Democracies ETF stock opened at $41.16 on Thursday. First Trust Bloomberg Emerging Market Democracies ETF has a twelve month low of $25.44 and a twelve month high of $45.03. The stock’s fifty day simple moving average is $41.45 and its 200-day simple moving average is $39.29. The firm has a market capitalization of $39.10 million, a P/E ratio of 12.05 and a beta of 0.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Naples Global Advisors LLC boosted its stake in shares of First Trust Bloomberg Emerging Market Democracies ETF by 3.1% in the 4th quarter. Naples Global Advisors LLC now owns 56,601 shares of the company’s stock valued at $1,774,000 after buying an additional 1,710 shares during the period. GeoWealth Management LLC purchased a new stake in shares of First Trust Bloomberg Emerging Market Democracies ETF during the fourth quarter worth approximately $862,000. Finally, Compass Financial Management LLC purchased a new stake in shares of First Trust Bloomberg Emerging Market Democracies ETF during the second quarter worth approximately $2,853,000.

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.