Democratic Large Cap Core ETF (NASDAQ:DEMZ) Sees Significant Growth in Short Interest

Democratic Large Cap Core ETF (NASDAQ:DEMZ) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 13,622 shares, an increase of 87.5% from the July 30th total of 7,264 shares. Based on an average daily volume of 1,968 shares, the days-to-cover ratio is presently 6.9 days. Approximately 1.0% of the company’s shares are sold short.

Institutional Trading of Democratic Large Cap Core ETF

A hedge fund recently raised its position in Democratic Large Cap Core ETF stock. Envestnet Portfolio Solutions Inc. raised its position in shares of Democratic Large Cap Core ETF (NASDAQ:DEMZ) by 64.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,109 shares of the company’s stock after purchasing an additional 39,158 shares during the period. Envestnet Portfolio Solutions Inc. owned 7.70% of Democratic Large Cap Core ETF worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission.

Democratic Large Cap Core ETF Trading Down 0.4%

DEMZ stock traded down $0.19 during mid-day trading on Monday, reaching $47.96. The company’s stock had a trading volume of 2,168 shares, compared to its average volume of 3,576. Democratic Large Cap Core ETF has a 12 month low of $39.04 and a 12 month high of $48.63. The company has a market cap of $67.14 million, a price-to-earnings ratio of 28.63 and a beta of 1.03. The business’s 50 day moving average price is $47.34 and its 200 day moving average price is $44.73.

About Democratic Large Cap Core ETF

The Democratic Large Cap Core ETF (DEMZ) is an exchange-traded fund that is based on the Democratic Large Cap Core index. The fund tracks an index of US large-cap companies whose employees are highly supportive of Democratic candidates. DEMZ was launched on Nov 2, 2020 and is managed by RAM.