Emerging Markets Internet ETF (NYSEARCA:EMQQ) Short Interest Update

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 29,031 shares, a drop of 56.2% from the June 30th total of 66,307 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 40,681 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Emerging Markets Internet ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. acquired a new stake in shares of Emerging Markets Internet ETF in the third quarter valued at about $30,000. Jessup Wealth Management Inc acquired a new position in Emerging Markets Internet ETF during the fourth quarter worth about $73,000. Farther Finance Advisors LLC boosted its position in Emerging Markets Internet ETF by 84.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,452 shares of the company’s stock worth $99,000 after acquiring an additional 1,123 shares during the last quarter. Stronghold Wealth Management L.L.C. acquired a new position in Emerging Markets Internet ETF during the fourth quarter worth about $283,000. Finally, Jane Street Group LLC purchased a new stake in Emerging Markets Internet ETF during the 1st quarter valued at about $1,462,000.

Emerging Markets Internet ETF Stock Performance

Shares of EMQQ traded up $0.10 during trading hours on Wednesday, hitting $33.62. 38,635 shares of the stock were exchanged, compared to its average volume of 57,476. Emerging Markets Internet ETF has a 12-month low of $30.00 and a 12-month high of $47.00. The company has a market cap of $268.96 million, a price-to-earnings ratio of 21.93 and a beta of 0.61. The stock’s 50-day moving average price is $32.24 and its two-hundred day moving average price is $34.55.

About Emerging Markets Internet ETF

The EMQQ Emerging Markets Internet & Ecommerce ETF (EMQQ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a cap-weighted index of companies producing most of their revenue from internet or ecommerce activity in emerging markets. EMQQ was launched on Nov 13, 2014 and is managed by EMQQ.