Short Interest in Global X Emerging Markets ETF (NYSEARCA:EMM) Drops By 69.4%

Global X Emerging Markets ETF (NYSEARCA:EMM) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 4,302 shares, a decrease of 69.4% from the April 30th total of 14,080 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 21,906 shares, the days-to-cover ratio is currently 0.2 days.

Global X Emerging Markets ETF Stock Performance

Shares of Global X Emerging Markets ETF stock opened at $44.80 on Friday. The firm has a 50-day simple moving average of $39.80 and a two-hundred day simple moving average of $36.92. The company has a market cap of $63.62 million, a P/E ratio of 17.76 and a beta of 0.98. Global X Emerging Markets ETF has a fifty-two week low of $27.85 and a fifty-two week high of $44.89.

Hedge Funds Weigh In On Global X Emerging Markets ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Global X Emerging Markets ETF in the 4th quarter valued at about $229,000. NewEdge Wealth LLC purchased a new position in shares of Global X Emerging Markets ETF in the 1st quarter valued at about $278,000. OLD Mission Capital LLC purchased a new position in shares of Global X Emerging Markets ETF in the 4th quarter valued at about $316,000. Susquehanna International Group LLP purchased a new position in shares of Global X Emerging Markets ETF in the 3rd quarter valued at about $347,000. Finally, Orion Porfolio Solutions LLC purchased a new position in shares of Global X Emerging Markets ETF in the 3rd quarter valued at about $2,091,000.

Global X Emerging Markets ETF Company Profile

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.