Global X Emerging Markets Bond ETF (NYSEARCA:EMBD) Stock Short Interest Falls 44.7%

Global X Emerging Markets Bond ETF (NYSEARCA:EMBD) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 60,141 shares, a decrease of 44.7% from the August 31st total of 108,721 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 24,623 shares, the days-to-cover ratio is presently 2.4 days.

Global X Emerging Markets Bond ETF Stock Performance

EMBD traded down $0.17 on Wednesday, reaching $22.57. 28,397 shares of the company traded hands, compared to its average volume of 40,840. The stock’s 50 day moving average price is $23.44 and its 200-day moving average price is $23.62. Global X Emerging Markets Bond ETF has a 52-week low of $22.57 and a 52-week high of $25.12.

Hedge Funds Weigh In On Global X Emerging Markets Bond ETF

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

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.