Global X Emerging Markets ETF (NYSEARCA:EMM) Sees Significant Increase in Short Interest

Global X Emerging Markets ETF (NYSEARCA:EMM) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 12,887 shares, an increase of 154.7% from the March 31st total of 5,060 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 9,197 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On Global X Emerging Markets ETF

Several hedge funds have recently bought and sold shares of EMM. Jane Street Group LLC bought a new position in Global X Emerging Markets ETF during the fourth quarter valued at approximately $229,000. OLD Mission Capital LLC purchased a new stake in Global X Emerging Markets ETF during the fourth quarter valued at about $316,000. Susquehanna International Group LLP purchased a new stake in Global X Emerging Markets ETF during the third quarter valued at about $347,000. Finally, Orion Porfolio Solutions LLC bought a new position in shares of Global X Emerging Markets ETF during the third quarter valued at about $2,091,000.

Global X Emerging Markets ETF Stock Performance

NYSEARCA EMM traded down $0.08 during trading on Monday, hitting $41.02. 5,257 shares of the company’s stock traded hands, compared to its average volume of 32,326. The stock has a market capitalization of $58.25 million, a price-to-earnings ratio of 17.76 and a beta of 0.84. Global X Emerging Markets ETF has a 12-month low of $25.87 and a 12-month high of $41.29. The business has a 50 day moving average of $37.66 and a 200-day moving average of $35.35.

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.