First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Sees Large Drop in Short Interest

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDMGet Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 298 shares, a drop of 98.6% from the July 15th total of 21,236 shares. Based on an average trading volume of 20,195 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in First Trust Bloomberg Emerging Market Democracies ETF stock. GeoWealth Management LLC bought a new stake in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDMFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 27,518 shares of the company’s stock, valued at approximately $862,000. GeoWealth Management LLC owned about 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 Stock Performance

NYSEARCA EMDM traded up $0.08 on Tuesday, reaching $40.54. The company had a trading volume of 36,050 shares, compared to its average volume of 10,770. The firm has a market capitalization of $38.51 million, a price-to-earnings ratio of 12.05 and a beta of 0.87. First Trust Bloomberg Emerging Market Democracies ETF has a 1-year low of $25.44 and a 1-year high of $45.03. The company’s fifty day moving average is $41.50 and its 200-day moving average is $39.25.

First Trust Bloomberg Emerging Market Democracies ETF Company Profile

(Get Free Report)

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.

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