First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Short Interest Up 139.2% in June

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 15,392 shares, an increase of 139.2% from the June 15th total of 6,434 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 12,454 shares, the short-interest ratio is presently 1.2 days.

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

A hedge fund recently bought a new stake in First Trust Bloomberg Emerging Market Democracies ETF stock. GeoWealth Management LLC bought a new stake in shares of First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,518 shares of the company’s stock, valued at approximately $862,000. GeoWealth Management LLC owned about 5.50% of First Trust Bloomberg Emerging Market Democracies ETF at the end of the most recent reporting period.

First Trust Bloomberg Emerging Market Democracies ETF Stock Performance

Shares of EMDM stock traded down $0.97 on Thursday, reaching $40.08. 10,239 shares of the company were exchanged, compared to its average volume of 9,550. First Trust Bloomberg Emerging Market Democracies ETF has a 1 year low of $24.85 and a 1 year high of $45.03. The business has a 50-day moving average price of $42.17 and a 200 day moving average price of $38.27. The company has a market cap of $38.08 million, a price-to-earnings ratio of 12.05 and a beta of 0.85.

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.