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 large decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,398 shares, a decline of 79.1% from the April 15th total of 6,692 shares. Based on an average daily trading volume, of 6,370 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

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

A hedge fund recently raised its stake in First Trust Bloomberg Emerging Market Democracies ETF stock. Naples Global Advisors LLC lifted its position in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,601 shares of the company’s stock after purchasing an additional 1,710 shares during the quarter. 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 Trading Down 3.8%

Shares of NYSEARCA:EMDM traded down $1.59 during mid-day trading on Friday, reaching $40.28. The company had a trading volume of 7,936 shares, compared to its average volume of 8,926. The firm has a market cap of $24.17 million, a price-to-earnings ratio of 12.05 and a beta of 0.82. The company’s 50-day moving average price is $37.56 and its 200-day moving average price is $34.61. First Trust Bloomberg Emerging Market Democracies ETF has a one year low of $23.38 and a one year high of $42.38.

About First Trust Bloomberg Emerging Market Democracies ETF

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.