Democratic Large Cap Core ETF (NASDAQ:DEMZ) Shares Pass Above Fifty Day Moving Average – Here’s Why

Democratic Large Cap Core ETF (NASDAQ:DEMZ)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $35.86 and traded as high as $36.70. Democratic Large Cap Core ETF shares last traded at $36.73, with a volume of 865 shares.

Democratic Large Cap Core ETF Price Performance

The company has a market capitalization of $39.67 million, a P/E ratio of 32.64 and a beta of 1.04. The company has a 50 day moving average of $35.86 and a 200-day moving average of $34.72.

Hedge Funds Weigh In On Democratic Large Cap Core ETF

A hedge fund recently bought a new stake in Democratic Large Cap Core ETF stock. Wedbush Securities Inc. acquired a new stake in shares of Democratic Large Cap Core ETF (NASDAQ:DEMZ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,000 shares of the company’s stock, valued at approximately $206,000. Wedbush Securities Inc. owned 0.57% of Democratic Large Cap Core ETF at the end of the most recent quarter.

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.