Emerging Markets Internet ETF (NYSEARCA:EMQQ) Shares Down 1.9% – Here’s Why

Emerging Markets Internet ETF (NYSEARCA:EMQQ) shares fell 1.9% during mid-day trading on Tuesday . The company traded as low as $39.17 and last traded at $39.18. 99,710 shares traded hands during mid-day trading, an increase of 76% from the average session volume of 56,725 shares. The stock had previously closed at $39.95.

Emerging Markets Internet ETF Stock Down 1.9%

The firm has a market capitalization of $344.78 million, a PE ratio of 21.93 and a beta of 0.57. The firm’s 50-day simple moving average is $41.69 and its 200-day simple moving average is $43.01.

Emerging Markets Internet ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a dividend of $1.2468 per share. This represents a dividend yield of 309.0%. The ex-dividend date was Tuesday, December 30th.

Hedge Funds Weigh In On Emerging Markets Internet ETF

A number of institutional investors have recently bought and sold shares of the stock. EMC Capital Management bought a new position in shares of Emerging Markets Internet ETF in the 3rd quarter worth approximately $242,000. Sunbelt Securities Inc. purchased a new position in shares of Emerging Markets Internet ETF during the third quarter valued at approximately $30,000. RPg Family Wealth Advisory LLC boosted its position in shares of Emerging Markets Internet ETF by 1.3% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 64,892 shares of the company’s stock worth $3,013,000 after purchasing an additional 842 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Emerging Markets Internet ETF in the 2nd quarter worth approximately $711,000. Finally, Jane Street Group LLC bought a new position in Emerging Markets Internet ETF during the 1st quarter valued at approximately $1,462,000.

Emerging Markets Internet ETF Company Profile

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.