Global X Emerging Markets ETF (NYSEARCA:EMM – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,876 shares, an increase of 84.2% from the July 15th total of 2,647 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 6,903 shares, the days-to-cover ratio is currently 0.7 days.
Global X Emerging Markets ETF Trading Down 0.4%
Shares of NYSEARCA:EMM traded down $0.18 during midday trading on Friday, hitting $43.85. The company had a trading volume of 885 shares, compared to its average volume of 20,857. Global X Emerging Markets ETF has a 12 month low of $29.56 and a 12 month high of $47.54. The firm has a fifty day simple moving average of $43.23 and a 200 day simple moving average of $40.68. The stock has a market cap of $57.01 million, a price-to-earnings ratio of 17.76 and a beta of 1.02.
Hedge Funds Weigh In On Global X Emerging Markets ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of Global X Emerging Markets ETF in the 1st quarter valued at about $324,000. Susquehanna International Group LLP bought a new position in Global X Emerging Markets ETF during the 3rd quarter worth approximately $347,000. OLD Mission Capital LLC bought a new position in Global X Emerging Markets ETF during the 4th quarter worth approximately $316,000. NewEdge Wealth LLC acquired a new position in Global X Emerging Markets ETF during the first quarter valued at approximately $278,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Global X Emerging Markets ETF during the second quarter valued at approximately $282,000.
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.
See Also
- Five stocks we like better than Global X Emerging Markets ETF
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for Global X Emerging Markets ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X Emerging Markets ETF and related companies with MarketBeat.com's FREE daily email newsletter.
