First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Short Interest Down 98.6% in July

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 298 shares, a drop of 98.6% from the July 15th total of 21,236 shares. Based on an average daily volume of 20,195 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Bloomberg Emerging Market Democracies ETF Stock Performance

Shares of EMDM stock traded up $0.56 during mid-day trading on Wednesday, reaching $41.10. 634 shares of the company were exchanged, compared to its average volume of 10,703. First Trust Bloomberg Emerging Market Democracies ETF has a fifty-two week low of $25.44 and a fifty-two week high of $45.03. The company has a market capitalization of $39.05 million, a P/E ratio of 12.05 and a beta of 0.87. The business’s 50 day simple moving average is $41.50 and its 200 day simple moving average is $39.25.

Hedge Funds 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 position in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

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.