Global X Emerging Markets ETF (NYSEARCA:EMM) Stock Short Interest Drops 52.2%

Global X Emerging Markets ETF (NYSEARCA:EMM) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,031 shares, a decrease of 52.2% from the September 30th total of 4,251 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 20,908 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC bought a new stake in shares of Global X Emerging Markets ETF in the 2nd quarter worth about $1,789,000. Purus Wealth Management LLC bought a new position in shares of Global X Emerging Markets ETF during the third quarter worth about $856,000. Citadel Advisors LLC bought a new position in shares of Global X Emerging Markets ETF during the second quarter worth about $623,000. Finally, NewEdge Wealth LLC bought a new position in shares of Global X Emerging Markets ETF during the first quarter worth about $278,000.

Global X Emerging Markets ETF Stock Down 3.4%

Shares of Global X Emerging Markets ETF stock traded down $1.39 on Friday, hitting $39.82. 4,576 shares of the company’s stock traded hands, compared to its average volume of 17,314. Global X Emerging Markets ETF has a 52-week low of $31.63 and a 52-week high of $47.54. The stock has a market cap of $52.96 million, a P/E ratio of 17.76 and a beta of 1.03. The firm’s 50-day moving average is $43.75 and its 200 day moving average is $41.28.

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.