Global X Emerging Markets ETF (NYSEARCA:EMM – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,063 shares, a drop of 52.9% from the May 31st total of 4,381 shares. Based on an average daily trading volume, of 6,895 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.
Global X Emerging Markets ETF Stock Performance
Shares of NYSEARCA EMM traded up $0.85 during trading on Tuesday, reaching $45.25. The stock had a trading volume of 9,195 shares, compared to its average volume of 24,793. Global X Emerging Markets ETF has a fifty-two week low of $29.00 and a fifty-two week high of $47.54. The business’s 50-day moving average price is $43.44 and its 200-day moving average price is $38.81. The company has a market cap of $64.25 million, a P/E ratio of 17.76 and a beta of 1.00.
Hedge Funds Weigh In On Global X Emerging Markets ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in Global X Emerging Markets ETF in the 4th quarter valued at about $229,000. NewEdge Wealth LLC purchased a new stake in Global X Emerging Markets ETF during the first quarter worth about $278,000. OLD Mission Capital LLC acquired a new stake in shares of Global X Emerging Markets ETF during the fourth quarter worth about $316,000. Susquehanna International Group LLP acquired a new stake in shares of Global X Emerging Markets ETF during the third quarter worth about $347,000. Finally, Orion Porfolio Solutions LLC purchased a new position in shares of Global X Emerging Markets ETF in the third quarter valued at approximately $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.
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