Global X Emerging Markets ETF (NYSEARCA:EMM – Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 2,031 shares, a decline of 52.2% from the September 30th total of 4,251 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 20,908 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On Global X Emerging Markets ETF
A number of hedge funds and other institutional investors have recently modified their holdings of EMM. NewEdge Wealth LLC bought a new position in Global X Emerging Markets ETF in the 1st quarter valued at about $278,000. Citadel Advisors LLC acquired a new position in Global X Emerging Markets ETF during the 2nd quarter valued at about $623,000. Purus Wealth Management LLC acquired a new position in Global X Emerging Markets ETF during the 3rd quarter valued at about $856,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Global X Emerging Markets ETF during the 2nd quarter worth about $1,789,000.
Global X Emerging Markets ETF Stock Down 3.4%
EMM stock traded down $1.39 during trading on Friday, reaching $39.82. 4,576 shares of the company’s stock were exchanged, compared to its average volume of 17,314. Global X Emerging Markets ETF has a 1-year low of $31.63 and a 1-year high of $47.54. The firm has a market cap of $52.96 million, a PE ratio of 17.76 and a beta of 1.03. The company’s fifty day moving average price is $43.83 and its 200-day moving average price is $41.26.
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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