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

Global X Emerging Markets ETF (NYSEARCA:EMM) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 4,302 shares, a decline of 69.4% from the April 30th total of 14,080 shares. Based on an average daily volume of 21,906 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Global X Emerging Markets ETF Stock Up 0.4%

EMM opened at $44.80 on Friday. Global X Emerging Markets ETF has a twelve month low of $27.85 and a twelve month high of $44.89. The company has a 50-day moving average price of $39.80 and a 200 day moving average price of $36.92. The company has a market cap of $63.62 million, a PE ratio of 17.76 and a beta of 0.98.

Institutional Inflows and Outflows

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

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.