Global X Emerging Markets Bond ETF (NYSEARCA:EMBD) Short Interest Up 229.5% in July

Global X Emerging Markets Bond ETF (NYSEARCA:EMBD) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 24,657 shares, an increase of 229.5% from the June 30th total of 7,484 shares. Based on an average daily trading volume, of 16,386 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Global X Emerging Markets Bond ETF

A number of hedge funds have recently bought and sold shares of EMBD. Northwestern Mutual Wealth Management Co. acquired a new stake in Global X Emerging Markets Bond ETF in the 3rd quarter worth $39,000. Geneos Wealth Management Inc. bought a new stake in shares of Global X Emerging Markets Bond ETF in the first quarter valued at about $83,000. CWM LLC lifted its stake in shares of Global X Emerging Markets Bond ETF by 300.3% in the fourth quarter. CWM LLC now owns 7,845 shares of the company’s stock valued at $188,000 after buying an additional 5,885 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Global X Emerging Markets Bond ETF in the second quarter valued at about $308,000. Finally, Private Advisor Group LLC acquired a new stake in Global X Emerging Markets Bond ETF during the first quarter worth about $385,000.

Global X Emerging Markets Bond ETF Stock Performance

Shares of EMBD remained flat at $23.57 during mid-day trading on Friday. The stock had a trading volume of 16,626 shares, compared to its average volume of 46,917. The business has a 50 day moving average of $23.79 and a 200-day moving average of $23.83. Global X Emerging Markets Bond ETF has a 12 month low of $23.15 and a 12 month high of $25.12.

About Global X Emerging Markets Bond ETF

The Global X Emerging Markets Bond ETF (EMBD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in broad emerging market bonds with any maturity. EMBD was launched on Jun 1, 2020 and is managed by Global X.