Short Interest in Democratic Large Cap Core ETF (NASDAQ:DEMZ) Declines By 61.1%

Democratic Large Cap Core ETF (NASDAQ:DEMZ) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,300 shares, a decline of 61.1% from the August 15th total of 13,622 shares. Based on an average trading volume of 2,974 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Democratic Large Cap Core ETF

An institutional investor recently raised its stake in Democratic Large Cap Core ETF stock. Envestnet Portfolio Solutions Inc. grew its position in shares of Democratic Large Cap Core ETF (NASDAQ:DEMZ) by 64.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,109 shares of the company’s stock after buying an additional 39,158 shares during the quarter. 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 SEC.

Democratic Large Cap Core ETF Trading Down 0.6%

Shares of DEMZ traded down $0.26 during mid-day trading on Tuesday, hitting $47.00. 1,356 shares of the company’s stock were exchanged, compared to its average volume of 3,540. The business’s 50 day moving average is $47.49 and its two-hundred day moving average is $45.12. The firm has a market capitalization of $65.80 million, a P/E ratio of 28.63 and a beta of 1.03. Democratic Large Cap Core ETF has a fifty-two week low of $39.04 and a fifty-two week high of $48.63.

Democratic Large Cap Core ETF Company Profile

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.