Short Interest in Global X Emerging Markets ETF (NYSEARCA:EMM) Grows By 84.2%

Global X Emerging Markets ETF (NYSEARCA:EMM) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 4,876 shares, a growth of 84.2% from the July 15th total of 2,647 shares. Based on an average daily volume of 6,903 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the company’s stock are short sold.

Global X Emerging Markets ETF Trading Down 0.4%

Shares of Global X Emerging Markets ETF stock traded down $0.18 during trading on Friday, reaching $43.85. The stock had a trading volume of 885 shares, compared to its average volume of 20,857. The company has a market capitalization of $57.01 million, a price-to-earnings ratio of 17.76 and a beta of 1.02. The stock has a fifty day moving average price of $43.23 and a two-hundred day moving average price of $40.68. Global X Emerging Markets ETF has a 52 week low of $29.56 and a 52 week high of $47.54.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EMM. Jane Street Group LLC acquired a new position in shares of Global X Emerging Markets ETF during the 4th quarter worth about $229,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Global X Emerging Markets ETF in the second quarter valued at about $282,000. NewEdge Wealth LLC acquired a new stake in shares of Global X Emerging Markets ETF in the first quarter valued at about $278,000. OLD Mission Capital LLC bought a new stake in Global X Emerging Markets ETF during the fourth quarter worth about $316,000. Finally, Susquehanna International Group LLP bought a new stake in Global X Emerging Markets ETF during the third quarter worth about $347,000.

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.