First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Short Interest Up 27,588.9% in July

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOTGet Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,492 shares, an increase of 27,588.9% from the June 30th total of 9 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 318 shares, the short-interest ratio is presently 7.8 days.

First Trust S&P 500 Economic Moat ETF Stock Up 1.0%

Shares of NYSEARCA EMOT traded up $0.27 during mid-day trading on Friday, hitting $26.29. 113 shares of the company were exchanged, compared to its average volume of 1,375. The stock has a 50 day simple moving average of $26.20 and a 200-day simple moving average of $25.12. First Trust S&P 500 Economic Moat ETF has a 1-year low of $22.69 and a 1-year high of $26.81. The firm has a market cap of $2.63 million, a price-to-earnings ratio of 24.64 and a beta of 0.79.

Institutional Trading of First Trust S&P 500 Economic Moat ETF

Several hedge funds have recently made changes to their positions in EMOT. Citadel Advisors LLC purchased a new stake in shares of First Trust S&P 500 Economic Moat ETF in the third quarter valued at about $398,000. Signal Advisors Wealth LLC increased its stake in shares of First Trust S&P 500 Economic Moat ETF by 1.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 67,592 shares of the company’s stock worth $1,609,000 after acquiring an additional 694 shares during the period. Jane Street Group LLC purchased a new position in First Trust S&P 500 Economic Moat ETF during the fourth quarter worth about $335,000. Finally, Tower Research Capital LLC TRC raised its holdings in First Trust S&P 500 Economic Moat ETF by 112.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 36,673 shares of the company’s stock worth $873,000 after purchasing an additional 19,445 shares in the last quarter.

First Trust S&P 500 Economic Moat ETF Company Profile

(Get Free Report)

The First Trust S&P 500 Economic Moat ETF (EMOT) is an exchange-traded fund that is based on the S&P 500 Economic Moat index. The fund aims to track an equal-weighted index comprised of S&P 500 stocks with sustainable competitive advantages, determined by metrics such as gross margins, ROIC, and market share. EMOT was launched on Jun 26, 2024 and is issued by First Trust.

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