Short Interest in Global X Emerging Markets Bond ETF (NYSEARCA:EMBD) Increases By 229.5%

Global X Emerging Markets Bond ETF (NYSEARCA:EMBD) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 24,657 shares, an increase of 229.5% from the June 30th total of 7,484 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 16,386 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Global X Emerging Markets Bond ETF

A number of hedge funds have recently modified their holdings of EMBD. Gateway Wealth Partners LLC increased its stake in shares of Global X Emerging Markets Bond ETF by 122.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 210,712 shares of the company’s stock worth $4,937,000 after acquiring an additional 115,966 shares in the last quarter. Cetera Investment Advisers grew its holdings in Global X Emerging Markets Bond ETF by 27.2% in the first quarter. Cetera Investment Advisers now owns 36,885 shares of the company’s stock worth $864,000 after purchasing an additional 7,886 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Global X Emerging Markets Bond ETF in the first quarter worth about $83,000. Greenwood Capital Associates LLC grew its holdings in Global X Emerging Markets Bond ETF by 94.2% in the first quarter. Greenwood Capital Associates LLC now owns 37,963 shares of the company’s stock worth $889,000 after purchasing an additional 18,413 shares during the period. Finally, Private Advisor Group LLC bought a new position in shares of Global X Emerging Markets Bond ETF during the first quarter valued at approximately $385,000.

Global X Emerging Markets Bond ETF Trading Up 0.3%

Shares of NYSEARCA EMBD traded up $0.08 during mid-day trading on Tuesday, hitting $23.69. 601 shares of the stock traded hands, compared to its average volume of 46,406. The stock has a fifty day moving average price of $23.79 and a 200-day moving average price of $23.83. Global X Emerging Markets Bond ETF has a 52 week low of $23.15 and a 52 week high of $25.12.

About Global X Emerging Markets Bond ETF

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.