Global X Emerging Markets ETF (NYSEARCA:EMM) Stock Short Interest Rises 437.6%

Global X Emerging Markets ETF (NYSEARCA:EMM) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 30,505 shares, a growth of 437.6% from the August 31st total of 5,674 shares. Based on an average daily volume of 7,772 shares, the days-to-cover ratio is currently 3.9 days. Currently, 2.3% of the shares of the stock are short sold.

Global X Emerging Markets ETF Trading Down 0.6%

NYSEARCA:EMM opened at $44.79 on Friday. Global X Emerging Markets ETF has a 12-month low of $31.09 and a 12-month high of $47.54. The firm has a market cap of $59.57 million, a price-to-earnings ratio of 17.76 and a beta of 1.03. The company’s 50-day moving average is $43.39 and its two-hundred day moving average is $42.01.

Institutional Trading of Global X Emerging Markets ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Wealth LLC purchased a new position in shares of Global X Emerging Markets ETF during the 1st quarter worth $278,000. Citadel Advisors LLC acquired a new position in Global X Emerging Markets ETF in the second quarter valued at $623,000. Finally, NewEdge Advisors LLC purchased a new position in Global X Emerging Markets ETF during the second quarter worth about $1,789,000.

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.