Emerging Markets Internet ETF (NYSEARCA:EMQQ) Short Interest Update

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 8,040 shares, a drop of 80.6% from the May 31st total of 41,450 shares. Based on an average daily trading volume, of 53,088 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of Emerging Markets Internet ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Sankala Group LLC purchased a new position in shares of Emerging Markets Internet ETF during the 4th quarter valued at $2,187,000. Venturi Wealth Management LLC increased its stake in Emerging Markets Internet ETF by 517.8% in the 1st quarter. Venturi Wealth Management LLC now owns 58,594 shares of the company’s stock worth $1,938,000 after buying an additional 49,110 shares in the last quarter. Jane Street Group LLC bought a new stake in Emerging Markets Internet ETF during the first quarter valued at about $1,462,000. Stronghold Wealth Management L.L.C. purchased a new position in shares of Emerging Markets Internet ETF in the fourth quarter valued at about $283,000. Finally, EMC Capital Management bought a new position in shares of Emerging Markets Internet ETF in the third quarter worth about $242,000.

Emerging Markets Internet ETF Price Performance

Shares of NYSEARCA:EMQQ traded up $0.51 during mid-day trading on Friday, reaching $30.65. 56,299 shares of the company traded hands, compared to its average volume of 61,309. The company’s 50 day moving average price is $32.85 and its 200-day moving average price is $35.99. The firm has a market cap of $249.80 million, a PE ratio of 21.93 and a beta of 0.61. Emerging Markets Internet ETF has a 52 week low of $30.00 and a 52 week high of $47.00.

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.