Global X Emerging Markets Great Consumer ETF (NYSEARCA:EMC) Sees Large Increase in Short Interest

Global X Emerging Markets Great Consumer ETF (NYSEARCA:EMC) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 4,719 shares, a growth of 798.9% from the August 31st total of 525 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 4,859 shares, the days-to-cover ratio is currently 1.0 days.

Global X Emerging Markets Great Consumer ETF Stock Performance

Shares of EMC traded up $0.44 during mid-day trading on Friday, reaching $38.08. The company had a trading volume of 1,353 shares, compared to its average volume of 9,660. The company has a market capitalization of $59.03 million, a price-to-earnings ratio of 35.59 and a beta of 0.86. The firm has a 50-day moving average price of $36.68 and a 200 day moving average price of $35.69. Global X Emerging Markets Great Consumer ETF has a 52 week low of $27.88 and a 52 week high of $39.30.

Global X Emerging Markets Great Consumer ETF Company Profile

The Global X Emerging Markets Great Consumer ETF (EMC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in companies across multiple sectors that are positioned to benefit from the increasing consumption and growing purchasing power of consumers from the emerging markets. EMC was launched on Sep 24, 2010 and is managed by Global X.