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

Global X Emerging Markets Great Consumer ETF (NYSEARCA:EMC) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 6,112 shares, a drop of 47.4% from the September 30th total of 11,620 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 1,581 shares, the short-interest ratio is currently 3.9 days.

Global X Emerging Markets Great Consumer ETF Stock Performance

EMC stock traded down $0.88 during midday trading on Friday, reaching $33.57. 2,944 shares of the company traded hands, compared to its average volume of 8,783. The firm has a market capitalization of $52.03 million, a price-to-earnings ratio of 31.37 and a beta of 0.86. Global X Emerging Markets Great Consumer ETF has a 52-week low of $27.88 and a 52-week high of $39.30. The business has a 50 day moving average of $36.66 and a 200-day moving average of $35.25.

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.