Short Interest in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Declines By 79.1%

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,398 shares, a decrease of 79.1% from the April 15th total of 6,692 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 6,370 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Bloomberg Emerging Market Democracies ETF Stock Performance

NYSEARCA EMDM traded up $0.57 during mid-day trading on Wednesday, reaching $41.56. 4,600 shares of the stock were exchanged, compared to its average volume of 8,982. The stock has a market capitalization of $24.94 million, a PE ratio of 12.05 and a beta of 0.82. First Trust Bloomberg Emerging Market Democracies ETF has a 1-year low of $23.38 and a 1-year high of $42.38. The business’s fifty day simple moving average is $37.46 and its 200 day simple moving average is $34.53.

Institutional Investors Weigh In On 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 First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 filing with the SEC.

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.