Global X Emerging Markets Bond ETF (NYSEARCA:EMBD) Sees Large Increase in Short Interest

Global X Emerging Markets Bond ETF (NYSEARCA:EMBD) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 5,869 shares, an increase of 180.9% from the May 31st total of 2,089 shares. Based on an average daily trading volume, of 11,569 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Global X Emerging Markets Bond ETF Price Performance

Shares of EMBD stock traded up $0.07 during trading hours on Monday, reaching $23.99. The stock had a trading volume of 9,248 shares, compared to its average volume of 51,725. The stock’s fifty day simple moving average is $23.82 and its 200 day simple moving average is $23.87. Global X Emerging Markets Bond ETF has a 12 month low of $23.02 and a 12 month high of $25.12.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Global X Emerging Markets Bond ETF in the third quarter worth $39,000. Geneos Wealth Management Inc. bought a new position in Global X Emerging Markets Bond ETF in the 1st quarter worth about $83,000. CWM LLC raised its holdings in shares of Global X Emerging Markets Bond ETF by 300.3% in the 4th quarter. CWM LLC now owns 7,845 shares of the company’s stock valued at $188,000 after acquiring an additional 5,885 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Global X Emerging Markets Bond ETF during the 2nd quarter valued at about $308,000. Finally, Private Advisor Group LLC purchased a new position in shares of Global X Emerging Markets Bond ETF during the first quarter worth about $385,000.

Global X Emerging Markets Bond ETF Company Profile

The Global X Emerging Markets Bond ETF (EMBD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in broad emerging market bonds with any maturity. EMBD was launched on Jun 1, 2020 and is managed by Global X.