Global X Emerging Markets ETF (NYSEARCA:EMM) Short Interest Update

Global X Emerging Markets ETF (NYSEARCA:EMM) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 30,505 shares, a growth of 437.6% from the August 31st total of 5,674 shares. Based on an average daily volume of 7,772 shares, the days-to-cover ratio is currently 3.9 days. Currently, 2.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Global X Emerging Markets ETF

Several hedge funds have recently modified their holdings of the stock. NewEdge Wealth LLC acquired a new stake in Global X Emerging Markets ETF during the 1st quarter worth about $278,000. Citadel Advisors LLC acquired a new position in shares of Global X Emerging Markets ETF in the second quarter worth about $623,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Global X Emerging Markets ETF in the second quarter worth approximately $1,789,000.

Global X Emerging Markets ETF Stock Up 1.2%

NYSEARCA:EMM traded up $0.54 during trading hours on Friday, reaching $45.33. 586 shares of the company’s stock were exchanged, compared to its average volume of 18,157. The company has a market capitalization of $60.29 million, a P/E ratio of 17.76 and a beta of 1.03. Global X Emerging Markets ETF has a 12 month low of $31.09 and a 12 month high of $47.54. The business’s 50-day simple moving average is $43.48 and its two-hundred day simple moving average is $42.04.

About Global X Emerging Markets ETF

The Global X Emerging Markets ETF (EMM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of emerging market companies of all sizes that are believed to be future leaders within their respective markets. EMM was launched on Sep 24, 2010 and is managed by Global X.