First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) Short Interest Up 91.5% in April

First Trust S&P 500 Economic Moat ETF (NYSEARCA:EMOT) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 272 shares, a growth of 91.5% from the April 15th total of 142 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 379 shares, the short-interest ratio is currently 0.7 days.

First Trust S&P 500 Economic Moat ETF Price Performance

First Trust S&P 500 Economic Moat ETF stock traded down $0.13 during trading hours on Friday, reaching $25.23. The company had a trading volume of 6 shares, compared to its average volume of 1,877. The company has a 50-day moving average price of $24.32 and a 200 day moving average price of $24.29. The firm has a market cap of $2.52 million, a price-to-earnings ratio of 24.64 and a beta of 0.83. First Trust S&P 500 Economic Moat ETF has a 12-month low of $21.83 and a 12-month high of $25.40.

Hedge Funds Weigh In On 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 position in shares of First Trust S&P 500 Economic Moat ETF during the third quarter valued at approximately $398,000. Signal Advisors Wealth LLC boosted its position 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 valued at $1,609,000 after purchasing an additional 694 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust S&P 500 Economic Moat ETF during the fourth quarter valued at approximately $335,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of 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 valued at $873,000 after purchasing an additional 19,445 shares in the last quarter.

First Trust S&P 500 Economic Moat ETF Company Profile

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.