Emerging Markets Internet ETF (NYSEARCA:EMQQ) Short Interest Up 724.7% in June

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 66,307 shares, a growth of 724.7% from the June 15th total of 8,040 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 54,624 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Emerging Markets Internet ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in Emerging Markets Internet ETF in the 3rd quarter valued at about $30,000. Jessup Wealth Management Inc acquired a new stake in shares of Emerging Markets Internet ETF during the fourth quarter worth about $73,000. Farther Finance Advisors LLC boosted its stake in shares of Emerging Markets Internet ETF by 84.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,452 shares of the company’s stock valued at $99,000 after purchasing an additional 1,123 shares during the period. EMC Capital Management acquired a new position in shares of Emerging Markets Internet ETF in the third quarter valued at approximately $242,000. Finally, Stronghold Wealth Management L.L.C. acquired a new position in shares of Emerging Markets Internet ETF in the fourth quarter valued at approximately $283,000.

Emerging Markets Internet ETF Price Performance

EMQQ opened at $33.26 on Monday. Emerging Markets Internet ETF has a 1-year low of $30.00 and a 1-year high of $47.00. The firm has a market capitalization of $266.08 million, a price-to-earnings ratio of 21.93 and a beta of 0.61. The company’s 50 day simple moving average is $32.37 and its two-hundred day simple moving average is $35.31.

Emerging Markets Internet ETF Company Profile

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.