Short Interest in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Expands By 182.9%

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 3,955 shares, a growth of 182.9% from the April 30th total of 1,398 shares. Based on an average trading volume of 16,859 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the shares of the stock are short sold.

First Trust Bloomberg Emerging Market Democracies ETF Stock Down 0.1%

NYSEARCA:EMDM traded down $0.04 during midday trading on Friday, hitting $43.16. The company had a trading volume of 4,040 shares, compared to its average volume of 8,905. The stock’s fifty day moving average price is $38.84 and its 200-day moving average price is $35.45. First Trust Bloomberg Emerging Market Democracies ETF has a 52-week low of $23.40 and a 52-week high of $43.32. The company has a market capitalization of $25.90 million, a PE ratio of 12.05 and a beta of 0.82.

Institutional Trading of First Trust Bloomberg Emerging Market Democracies ETF

An institutional investor recently bought a new position in First Trust Bloomberg Emerging Market Democracies ETF stock. GeoWealth Management LLC purchased a new stake in shares of First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,518 shares of the company’s stock, valued at approximately $862,000. GeoWealth Management LLC owned 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.