First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Short Interest Update

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,955 shares, an increase of 182.9% from the April 30th total of 1,398 shares. Based on an average trading volume of 16,859 shares, the short-interest ratio is currently 0.2 days. Currently, 0.7% of the company’s shares are sold short.

First Trust Bloomberg Emerging Market Democracies ETF Stock Performance

NYSEARCA:EMDM opened at $43.16 on Monday. First Trust Bloomberg Emerging Market Democracies ETF has a 1 year low of $23.40 and a 1 year high of $43.32. The stock has a market cap of $25.90 million, a price-to-earnings ratio of 12.05 and a beta of 0.82. The stock has a 50-day moving average price of $38.84 and a two-hundred day moving average price of $35.48.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust Bloomberg Emerging Market Democracies ETF stock. Naples Global Advisors LLC lifted its position in shares of First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,601 shares of the company’s stock after buying an additional 1,710 shares during the period. Naples Global Advisors LLC owned about 11.32% of First Trust Bloomberg Emerging Market Democracies ETF worth $1,774,000 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.