Global X Emerging Markets ETF (NYSEARCA:EMM) Short Interest Down 52.9% in June

Global X Emerging Markets ETF (NYSEARCA:EMM) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 2,063 shares, a drop of 52.9% from the May 31st total of 4,381 shares. Based on an average daily trading volume, of 6,895 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Global X Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EMM opened at $43.97 on Thursday. The company has a market cap of $59.80 million, a P/E ratio of 17.76 and a beta of 0.99. Global X Emerging Markets ETF has a one year low of $29.00 and a one year high of $47.54. The business’s 50-day simple moving average is $43.61 and its 200 day simple moving average is $38.96.

Institutional Trading of Global X Emerging Markets ETF

Several large investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC acquired a new position in shares of Global X Emerging Markets ETF during the third quarter worth $2,091,000. Jane Street Group LLC purchased a new stake in Global X Emerging Markets ETF during the 1st quarter worth $324,000. Susquehanna International Group LLP purchased a new stake in Global X Emerging Markets ETF during the 3rd quarter worth $347,000. OLD Mission Capital LLC acquired a new position in Global X Emerging Markets ETF in the 4th quarter worth $316,000. Finally, NewEdge Wealth LLC acquired a new position in Global X Emerging Markets ETF in the 1st quarter worth $278,000.

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.