Short Interest in Emerging Markets Internet ETF (NYSEARCA:EMQQ) Expands By 72.6%

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 61,645 shares, a growth of 72.6% from the August 15th total of 35,725 shares. Based on an average daily volume of 39,314 shares, the short-interest ratio is presently 1.6 days. Approximately 0.8% of the company’s stock are short sold.

Emerging Markets Internet ETF Stock Performance

NYSEARCA:EMQQ traded down $0.29 on Wednesday, hitting $31.57. The stock had a trading volume of 21,489 shares, compared to its average volume of 53,493. Emerging Markets Internet ETF has a 1 year low of $30.00 and a 1 year high of $47.00. The firm’s fifty day simple moving average is $33.63 and its two-hundred day simple moving average is $33.30. The stock has a market cap of $222.88 million, a P/E ratio of 21.93 and a beta of 0.61.

Institutional Trading of Emerging Markets Internet ETF

A number of hedge funds have recently bought and sold shares of EMQQ. RPg Family Wealth Advisory LLC increased its position in shares of Emerging Markets Internet ETF by 3.5% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 80,042 shares of the company’s stock valued at $2,498,000 after purchasing an additional 2,671 shares during the last quarter. Risk Paradigm Group LLC boosted its holdings in shares of Emerging Markets Internet ETF by 14.4% in the 2nd quarter. Risk Paradigm Group LLC now owns 60,674 shares of the company’s stock worth $1,893,000 after buying an additional 7,639 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Emerging Markets Internet ETF by 517.8% in the 1st quarter. Venturi Wealth Management LLC now owns 58,594 shares of the company’s stock worth $1,938,000 after buying an additional 49,110 shares during the last quarter. Sankala Group LLC bought a new position in Emerging Markets Internet ETF during the fourth quarter valued at about $2,187,000. Finally, Jessup Wealth Management Inc bought a new position in Emerging Markets Internet ETF during the fourth quarter valued at about $73,000.

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.