Global X Emerging Markets ETF (NYSEARCA:EMM – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 2,031 shares, a drop of 52.2% from the September 30th total of 4,251 shares. Based on an average trading volume of 20,908 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.
Global X Emerging Markets ETF Trading Down 3.4%
NYSEARCA:EMM traded down $1.39 during midday trading on Friday, hitting $39.82. 4,576 shares of the stock were exchanged, compared to its average volume of 17,314. The company has a market capitalization of $52.96 million, a price-to-earnings ratio of 17.76 and a beta of 1.03. Global X Emerging Markets ETF has a one year low of $31.63 and a one year high of $47.54. The business has a 50-day moving average price of $43.83 and a two-hundred day moving average price of $41.26.
Institutional Trading of Global X Emerging Markets ETF
A number of hedge funds and other institutional investors have recently modified their holdings of EMM. NewEdge Wealth LLC bought a new stake in shares of Global X Emerging Markets ETF in the 1st quarter worth $278,000. Citadel Advisors LLC bought a new position in Global X Emerging Markets ETF during the second quarter valued at about $623,000. Purus Wealth Management LLC acquired a new position in Global X Emerging Markets ETF during the third quarter worth about $856,000. Finally, NewEdge Advisors LLC acquired a new stake in Global X Emerging Markets ETF in the 2nd quarter valued at about $1,789,000.
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.
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