Emerging Markets Internet ETF (NYSEARCA:EMQQ – Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 33,836 shares, an increase of 714.3% from the April 30th total of 4,155 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 53,858 shares, the short-interest ratio is presently 0.6 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its holdings in 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 valued at $1,938,000 after buying an additional 49,110 shares in the last quarter. Sankala Group LLC purchased a new position in Emerging Markets Internet ETF in the fourth quarter valued at $2,187,000. RPg Family Wealth Advisory LLC increased its holdings in Emerging Markets Internet ETF by 3.1% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 66,898 shares of the company’s stock valued at $2,700,000 after buying an additional 2,006 shares in the last quarter. Jessup Wealth Management Inc purchased a new stake in Emerging Markets Internet ETF in the 4th quarter worth $73,000. Finally, Stronghold Wealth Management L.L.C. purchased a new stake in Emerging Markets Internet ETF in the 4th quarter worth $283,000.
Emerging Markets Internet ETF Trading Down 0.2%
Shares of NYSEARCA EMQQ opened at $32.61 on Thursday. Emerging Markets Internet ETF has a 12 month low of $31.70 and a 12 month high of $47.00. The company has a 50 day simple moving average of $33.52 and a two-hundred day simple moving average of $37.67. The stock has a market cap of $265.77 million, a price-to-earnings ratio of 21.93 and a beta of 0.64.
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.
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