Global X Emerging Markets ETF (NYSEARCA:EMM) Sees Significant Decline in Short Interest

Global X Emerging Markets ETF (NYSEARCA:EMM) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 4,251 shares, a drop of 86.1% from the September 15th total of 30,505 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 1,556 shares, the days-to-cover ratio is presently 2.7 days.

Hedge Funds Weigh In On Global X Emerging Markets ETF

Large investors have recently added to or reduced their stakes in the business. NewEdge Wealth LLC bought a new stake in Global X Emerging Markets ETF in the first quarter worth $278,000. Citadel Advisors LLC bought a new position in shares of Global X Emerging Markets ETF during the second quarter valued at about $623,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Global X Emerging Markets ETF in the 2nd quarter valued at about $1,789,000.

Global X Emerging Markets ETF Trading Up 1.7%

Shares of EMM traded up $0.72 during mid-day trading on Friday, reaching $44.32. The company’s stock had a trading volume of 12,011 shares, compared to its average volume of 17,855. The stock has a market cap of $58.95 million, a PE ratio of 17.76 and a beta of 1.03. Global X Emerging Markets ETF has a 52 week low of $31.09 and a 52 week high of $47.54. The company’s fifty day moving average price is $44.24 and its two-hundred day moving average price is $42.68.

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.