Global X Emerging Markets ETF (NYSEARCA:EMM) Sees Large Growth in Short Interest

Global X Emerging Markets ETF (NYSEARCA:EMM) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 4,965 shares, a growth of 415.6% from the November 30th total of 963 shares. Based on an average daily trading volume, of 3,172 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 3,172 shares, the days-to-cover ratio is currently 1.6 days.

Global X Emerging Markets ETF Stock Up 0.2%

Shares of EMM traded up $0.06 during mid-day trading on Friday, hitting $33.75. 1,644 shares of the company’s stock were exchanged, compared to its average volume of 10,552. Global X Emerging Markets ETF has a 52 week low of $22.98 and a 52 week high of $33.81. The stock’s 50-day simple moving average is $32.91 and its 200-day simple moving average is $31.32. The firm has a market cap of $24.30 million, a price-to-earnings ratio of 17.76 and a beta of 0.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EMM. Sierra Capital LLC acquired a new stake in Global X Emerging Markets ETF during the second quarter worth about $413,000. Susquehanna International Group LLP acquired a new stake in shares of Global X Emerging Markets ETF in the 3rd quarter valued at $347,000. Jane Street Group LLC bought a new position in shares of Global X Emerging Markets ETF in the 1st quarter valued at $324,000. Finally, Orion Porfolio Solutions LLC acquired a new position in shares of Global X Emerging Markets ETF during the 3rd quarter worth $2,091,000.

Global X Emerging Markets ETF Company Profile

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.