Emerging Markets Internet ETF (NYSEARCA:EMQQ) Stock Short Interest Drops 37.8%

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 38,322 shares, a decline of 37.8% from the August 31st total of 61,645 shares. Based on an average daily trading volume, of 39,108 shares, the short-interest ratio is currently 1.0 days. Approximately 0.5% of the company’s stock are short sold.

Emerging Markets Internet ETF Trading Down 1.0%

EMQQ stock traded down $0.30 during trading on Thursday, reaching $30.50. The stock had a trading volume of 17,742 shares, compared to its average volume of 52,306. The firm has a fifty day moving average price of $33.27 and a 200 day moving average price of $33.04. The company has a market capitalization of $228.75 million, a P/E ratio of 21.93 and a beta of 0.61. Emerging Markets Internet ETF has a 1-year low of $30.00 and a 1-year high of $46.89.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. 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 during the last quarter. Sankala Group LLC acquired a new position in Emerging Markets Internet ETF during the 4th quarter valued at approximately $2,187,000. RPg Family Wealth Advisory LLC boosted its holdings in shares of Emerging Markets Internet ETF by 3.5% during the second quarter. RPg Family Wealth Advisory LLC now owns 80,042 shares of the company’s stock valued at $2,498,000 after acquiring an additional 2,671 shares during the period. Risk Paradigm Group LLC grew its position in Emerging Markets Internet ETF by 14.4% in the 2nd quarter. Risk Paradigm Group LLC now owns 60,674 shares of the company’s stock worth $1,893,000 after purchasing an additional 7,639 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in Emerging Markets Internet ETF in the 4th quarter valued at approximately $73,000.

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.