Global X Emerging Markets Great Consumer ETF (NYSEARCA:EMC) Sees Large Growth in Short Interest

Global X Emerging Markets Great Consumer ETF (NYSEARCA:EMC) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 11,620 shares, an increase of 146.2% from the September 15th total of 4,719 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 4,963 shares, the days-to-cover ratio is presently 2.3 days.

Global X Emerging Markets Great Consumer ETF Trading Down 2.3%

Shares of NYSEARCA:EMC opened at $35.60 on Thursday. The company has a market capitalization of $55.18 million, a price-to-earnings ratio of 33.27 and a beta of 0.86. Global X Emerging Markets Great Consumer ETF has a 12-month low of $27.88 and a 12-month high of $39.30. The business has a 50-day moving average price of $37.19 and a 200 day moving average price of $36.25.

About Global X Emerging Markets Great Consumer ETF

The Global X Emerging Markets Great Consumer ETF (EMC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in companies across multiple sectors that are positioned to benefit from the increasing consumption and growing purchasing power of consumers from the emerging markets. EMC was launched on Sep 24, 2010 and is managed by Global X.