Emerging Markets Internet ETF (NYSEARCA:EMQQ) Short Interest Up 724.7% in June

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 66,307 shares, an increase of 724.7% from the June 15th total of 8,040 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 54,624 shares, the short-interest ratio is currently 1.2 days.

Emerging Markets Internet ETF Stock Performance

Emerging Markets Internet ETF stock traded up $0.16 during trading on Friday, hitting $33.26. The company’s stock had a trading volume of 18,691 shares, compared to its average volume of 59,973. The stock’s fifty day moving average is $32.37 and its 200 day moving average is $35.35. Emerging Markets Internet ETF has a 1-year low of $30.00 and a 1-year high of $47.00. The stock has a market capitalization of $266.08 million, a price-to-earnings ratio of 21.93 and a beta of 0.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new position in shares of Emerging Markets Internet ETF during the 3rd quarter worth about $30,000. Jessup Wealth Management Inc purchased a new stake in Emerging Markets Internet ETF in the fourth quarter valued at approximately $73,000. Farther Finance Advisors LLC grew its holdings in Emerging Markets Internet ETF by 84.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,452 shares of the company’s stock valued at $99,000 after purchasing an additional 1,123 shares during the period. EMC Capital Management acquired a new position in Emerging Markets Internet ETF during the third quarter worth approximately $242,000. Finally, Stronghold Wealth Management L.L.C. acquired a new position in Emerging Markets Internet ETF during the fourth quarter worth approximately $283,000.

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.