First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Short Interest Update

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 101 shares, a drop of 62.9% from the April 30th total of 272 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,295 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust S&P 500 Economic Moat ETF

A number of hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of First Trust S&P 500 Economic Moat ETF by 112.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 36,673 shares of the company’s stock valued at $873,000 after acquiring an additional 19,445 shares during the period. Jane Street Group LLC purchased a new position in shares of First Trust S&P 500 Economic Moat ETF in the fourth quarter valued at about $335,000. Signal Advisors Wealth LLC increased its position in shares of First Trust S&P 500 Economic Moat ETF by 1.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 67,592 shares of the company’s stock valued at $1,609,000 after acquiring an additional 694 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of First Trust S&P 500 Economic Moat ETF in the third quarter valued at about $398,000.

First Trust S&P 500 Economic Moat ETF Stock Performance

NYSEARCA:EMOT traded down $0.06 during trading hours on Friday, reaching $25.98. The company’s stock had a trading volume of 109 shares, compared to its average volume of 1,743. The firm has a market capitalization of $2.60 million, a price-to-earnings ratio of 24.64 and a beta of 0.83. The firm has a 50-day simple moving average of $24.61 and a 200-day simple moving average of $24.43. First Trust S&P 500 Economic Moat ETF has a 1 year low of $21.98 and a 1 year high of $26.04.

About First Trust S&P 500 Economic Moat ETF

The First Trust S&P 500 Economic Moat ETF (EMOT) is an exchange-traded fund that is based on the S&P 500 Economic Moat index. The fund aims to track an equal-weighted index comprised of S&P 500 stocks with sustainable competitive advantages, determined by metrics such as gross margins, ROIC, and market share. EMOT was launched on Jun 26, 2024 and is issued by First Trust.