First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT – Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 101 shares, a decline of 62.9% from the April 30th total of 272 shares. Based on an average daily volume of 1,295 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust S&P 500 Economic Moat ETF

A number of institutional investors have recently added to or reduced their stakes in EMOT. Jane Street Group LLC purchased a new stake in shares of First Trust S&P 500 Economic Moat ETF in the fourth quarter worth $335,000. Citadel Advisors LLC purchased a new stake in shares of First Trust S&P 500 Economic Moat ETF in the third quarter worth $398,000. Tower Research Capital LLC TRC grew its stake in shares of First Trust S&P 500 Economic Moat ETF by 112.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 36,673 shares of the company’s stock worth $873,000 after acquiring an additional 19,445 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew its stake in shares of First Trust S&P 500 Economic Moat ETF by 1.0% in 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 last quarter.

First Trust S&P 500 Economic Moat ETF Trading Down 0.2%

EMOT stock traded down $0.04 during midday trading on Monday, hitting $25.94. The company had a trading volume of 312 shares, compared to its average volume of 1,729. First Trust S&P 500 Economic Moat ETF has a 52 week low of $22.08 and a 52 week high of $26.04. The stock’s 50 day moving average price is $24.65 and its 200 day moving average price is $24.45. The stock has a market cap of $2.59 million, a price-to-earnings ratio of 24.64 and a beta of 0.83.

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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