First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Sees Significant Decrease in Short Interest

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 9 shares, a drop of 35.7% from the June 15th total of 14 shares. Based on an average daily trading volume, of 478 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of First Trust S&P 500 Economic Moat ETF

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in First Trust S&P 500 Economic Moat ETF during the 4th quarter worth approximately $335,000. Citadel Advisors LLC purchased a new position in shares of First Trust S&P 500 Economic Moat ETF in the third quarter worth $398,000. Tower Research Capital LLC TRC lifted its stake in shares of First Trust S&P 500 Economic Moat ETF by 112.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 36,673 shares of the company’s stock worth $873,000 after buying an additional 19,445 shares during the period. Finally, Signal Advisors Wealth LLC lifted its stake in shares of First Trust S&P 500 Economic Moat ETF by 1.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 67,592 shares of the company’s stock worth $1,609,000 after buying an additional 694 shares during the period.

First Trust S&P 500 Economic Moat ETF Stock Performance

Shares of NYSEARCA EMOT opened at $26.51 on Friday. First Trust S&P 500 Economic Moat ETF has a fifty-two week low of $22.69 and a fifty-two week high of $26.81. The company has a market cap of $2.65 million, a PE ratio of 24.64 and a beta of 0.79. The business has a 50-day simple moving average of $26.12 and a two-hundred day simple moving average of $25.04.

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.