Emerging Markets Internet ETF (NYSEARCA:EMQQ) Sees Large Increase in Short Interest

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 33,836 shares, a growth of 714.3% from the April 30th total of 4,155 shares. Based on an average daily volume of 53,858 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Emerging Markets Internet ETF

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in Emerging Markets Internet ETF during the first quarter worth approximately $1,462,000. Sunbelt Securities Inc. bought a new stake in Emerging Markets Internet ETF during the third quarter worth approximately $30,000. Venturi Wealth Management LLC increased its stake in Emerging Markets Internet ETF by 517.8% during the first 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 during the last quarter. Sankala Group LLC bought a new position in shares of Emerging Markets Internet ETF during the fourth quarter valued at approximately $2,187,000. Finally, RPg Family Wealth Advisory LLC grew its stake in shares of 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 valued at $2,700,000 after buying an additional 2,006 shares during the last quarter.

Emerging Markets Internet ETF Trading Up 0.2%

Shares of EMQQ stock opened at $32.40 on Friday. Emerging Markets Internet ETF has a 12-month low of $31.70 and a 12-month high of $47.00. The stock’s 50-day moving average price is $33.46 and its 200-day moving average price is $37.55. The stock has a market capitalization of $264.06 million, a price-to-earnings ratio of 21.93 and a beta of 0.64.

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.