Emerging Markets Internet ETF (NYSEARCA:EMQQ) Short Interest Update

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 66,307 shares, an increase of 724.7% from the June 15th total of 8,040 shares. Based on an average trading volume of 54,624 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.8% of the company’s shares are sold short.

Emerging Markets Internet ETF Stock Performance

Emerging Markets Internet ETF stock opened at $33.26 on Monday. Emerging Markets Internet ETF has a fifty-two week low of $30.00 and a fifty-two week high of $47.00. The firm has a 50 day moving average price of $32.37 and a 200 day moving average price of $35.31. The company has a market capitalization of $266.08 million, a PE ratio of 21.93 and a beta of 0.61.

Institutional Investors Weigh In On Emerging Markets Internet ETF

A number of institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC lifted its stake in Emerging Markets Internet ETF by 517.8% during the 1st quarter. Venturi Wealth Management LLC now owns 58,594 shares of the company’s stock worth $1,938,000 after acquiring an additional 49,110 shares in the last quarter. Sankala Group LLC purchased a new stake in Emerging Markets Internet ETF during the fourth quarter worth about $2,187,000. RPg Family Wealth Advisory LLC increased its stake in Emerging Markets Internet ETF by 3.1% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 66,898 shares of the company’s stock worth $2,700,000 after purchasing an additional 2,006 shares during the period. Jessup Wealth Management Inc acquired a new stake in shares of Emerging Markets Internet ETF during the fourth quarter worth about $73,000. Finally, Stronghold Wealth Management L.L.C. acquired a new stake in shares of Emerging Markets Internet ETF during the fourth quarter worth about $283,000.

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.