Emerging Markets Internet ETF (NYSEARCA:EMQQ – Get Free Report) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 38,322 shares, a drop of 37.8% from the August 31st total of 61,645 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 39,108 shares, the days-to-cover ratio is currently 1.0 days.
Emerging Markets Internet ETF Stock Down 1.0%
Shares of Emerging Markets Internet ETF stock traded down $0.30 during trading on Thursday, hitting $30.50. 17,742 shares of the company were exchanged, compared to its average volume of 52,306. Emerging Markets Internet ETF has a fifty-two week low of $30.00 and a fifty-two week high of $46.89. The stock has a market capitalization of $228.75 million, a price-to-earnings ratio of 21.93 and a beta of 0.61. The firm has a 50 day moving average price of $33.27 and a 200 day moving average price of $33.04.
Hedge Funds Weigh In On Emerging Markets Internet ETF
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Venturi Wealth Management LLC increased its position in shares of Emerging Markets Internet ETF by 517.8% in the first quarter. Venturi Wealth Management LLC now owns 58,594 shares of the company’s stock worth $1,938,000 after acquiring an additional 49,110 shares in the last quarter. Sankala Group LLC purchased a new stake in shares of Emerging Markets Internet ETF in the fourth quarter worth about $2,187,000. RPg Family Wealth Advisory LLC grew its stake in shares of Emerging Markets Internet ETF by 3.5% in the second quarter. RPg Family Wealth Advisory LLC now owns 80,042 shares of the company’s stock valued at $2,498,000 after buying an additional 2,671 shares in the last quarter. Risk Paradigm Group LLC raised its holdings in shares of Emerging Markets Internet ETF by 14.4% during the 2nd quarter. Risk Paradigm Group LLC now owns 60,674 shares of the company’s stock valued at $1,893,000 after buying an additional 7,639 shares during the period. Finally, Jessup Wealth Management Inc acquired a new position in Emerging Markets Internet ETF during the 4th quarter worth approximately $73,000.
About Emerging Markets Internet ETF
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.
Featured Stories
- Five stocks we like better than Emerging Markets Internet ETF
- JPMorgan Bets on Genius Sports as the Market Loses Patience
- Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
- First Watch’s Growth Story Meets a Reality Check
- Down 50% and Climbing Again: 3 AI Stocks Rebuilding After Brutal Pullbacks
Receive News & Ratings for Emerging Markets Internet ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerging Markets Internet ETF and related companies with MarketBeat.com's FREE daily email newsletter.
