Emerging Markets Internet ETF (NYSEARCA:EMQQ) Trading Down 0.5% – Time to Sell?

Emerging Markets Internet ETF (NYSEARCA:EMQQ)’s share price fell 0.5% on Tuesday . The company traded as low as $41.67 and last traded at $41.81. 69,694 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 39,802 shares. The stock had previously closed at $42.02.

Emerging Markets Internet ETF Stock Down 0.5%

The business’s 50 day simple moving average is $44.07 and its two-hundred day simple moving average is $42.86. The stock has a market cap of $370.02 million, a P/E ratio of 21.93 and a beta of 0.57.

Hedge Funds Weigh In On Emerging Markets Internet ETF

A number of institutional investors and hedge funds have recently bought and sold shares of EMQQ. Sunbelt Securities Inc. bought a new position in Emerging Markets Internet ETF in the third quarter valued at about $30,000. Simplex Trading LLC acquired a new position in shares of Emerging Markets Internet ETF in the first quarter valued at approximately $38,000. EMC Capital Management bought a new position in Emerging Markets Internet ETF in the 3rd quarter valued at approximately $242,000. Ethos Financial Group LLC acquired a new stake in Emerging Markets Internet ETF during the 1st quarter worth approximately $452,000. Finally, Flow Traders U.S. LLC acquired a new stake in Emerging Markets Internet ETF during the 2nd quarter worth approximately $711,000.

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.