Global X Emerging Markets ETF (NYSEARCA:EMM) Short Interest Up 17.8% in March

Global X Emerging Markets ETF (NYSEARCA:EMM) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 24,604 shares, a growth of 17.8% from the February 26th total of 20,884 shares. Based on an average trading volume of 55,440 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.8% of the shares of the company are sold short.

Global X Emerging Markets ETF Price Performance

Shares of EMM traded up $0.21 on Tuesday, reaching $34.24. 488 shares of the stock traded hands, compared to its average volume of 38,671. The firm has a market cap of $45.54 million, a price-to-earnings ratio of 17.76 and a beta of 0.80. Global X Emerging Markets ETF has a 12 month low of $22.98 and a 12 month high of $40.40. The stock’s 50-day moving average price is $37.17 and its 200-day moving average price is $34.44.

Institutional Investors Weigh In On Global X Emerging Markets ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Orion Porfolio Solutions LLC acquired a new position in shares of Global X Emerging Markets ETF in the 3rd quarter valued at $2,091,000. Jane Street Group LLC acquired a new stake in shares of Global X Emerging Markets ETF during the 1st quarter valued at about $324,000. Susquehanna International Group LLP bought a new stake in Global X Emerging Markets ETF in the third quarter valued at about $347,000. Finally, OLD Mission Capital LLC bought a new stake in Global X Emerging Markets ETF in the fourth quarter valued at about $316,000.

Global X Emerging Markets ETF Company Profile

The Global X Emerging Markets ETF (EMM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of emerging market companies of all sizes that are believed to be future leaders within their respective markets. EMM was launched on Sep 24, 2010 and is managed by Global X.