First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Stock Short Interest Report for September

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 58,335 shares, an increase of 320.1% from the September 15th total of 13,885 shares. Based on an average daily volume of 8,960 shares, the days-to-cover ratio is currently 6.5 days. Approximately 5.6% of the company’s stock are sold short.

First Trust Bloomberg Emerging Market Democracies ETF Stock Performance

EMDM stock traded down $0.37 during mid-day trading on Monday, reaching $41.78. The company had a trading volume of 1,732 shares, compared to its average volume of 10,106. The firm has a fifty day simple moving average of $42.06 and a 200 day simple moving average of $40.98. The company has a market capitalization of $43.87 million, a price-to-earnings ratio of 12.05 and a beta of 0.89. First Trust Bloomberg Emerging Market Democracies ETF has a fifty-two week low of $28.25 and a fifty-two week high of $45.03.

Institutional Trading of First Trust Bloomberg Emerging Market Democracies ETF

A number of large investors have recently made changes to their positions in the company. Compass Financial Management LLC acquired a new stake in First Trust Bloomberg Emerging Market Democracies ETF in the second quarter valued at approximately $2,853,000. NI Acquisitions Company LLC acquired a new position in First Trust Bloomberg Emerging Market Democracies ETF during the 2nd quarter worth approximately $1,406,000. Envestnet Asset Management Inc. grew its holdings in First Trust Bloomberg Emerging Market Democracies ETF by 40.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,684 shares of the company’s stock worth $980,000 after acquiring an additional 6,485 shares in the last quarter. Finally, Rhodes Investment Advisors Inc. ADV acquired a new position in First Trust Bloomberg Emerging Market Democracies ETF during the 3rd quarter worth approximately $267,000.

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.