Emerging Markets Internet ETF (NYSEARCA:EMQQ) Sees Large Decrease in Short Interest

Emerging Markets Internet ETF (NYSEARCA:EMQQ) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 8,040 shares, a decline of 80.6% from the May 31st total of 41,450 shares. Based on an average daily trading volume, of 53,088 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Emerging Markets Internet ETF Price Performance

Shares of NYSEARCA:EMQQ opened at $30.14 on Friday. The company has a market capitalization of $245.64 million, a P/E ratio of 21.93 and a beta of 0.61. Emerging Markets Internet ETF has a 1 year low of $30.13 and a 1 year high of $47.00. The business’s 50 day simple moving average is $32.94 and its 200 day simple moving average is $36.03.

Institutional Trading of Emerging Markets Internet ETF

Several large investors have recently modified their holdings of EMQQ. RPg Family Wealth Advisory LLC raised its stake in Emerging Markets Internet ETF by 3.1% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 66,898 shares of the company’s stock valued at $2,700,000 after purchasing an additional 2,006 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in 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 valued at $1,938,000 after buying an additional 49,110 shares during the period. Sankala Group LLC bought a new position in Emerging Markets Internet ETF in the 4th quarter valued at about $2,187,000. Jane Street Group LLC acquired a new position in shares of Emerging Markets Internet ETF in the 1st quarter valued at approximately $1,462,000. Finally, Stronghold Wealth Management L.L.C. acquired a new position in shares of Emerging Markets Internet ETF in the 4th quarter valued at approximately $283,000.

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.