Global X Emerging Markets ETF (NYSEARCA:EMM – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4,251 shares, a decrease of 86.1% from the September 15th total of 30,505 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 1,556 shares, the days-to-cover ratio is currently 2.7 days.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of EMM. NewEdge Advisors LLC acquired a new position in Global X Emerging Markets ETF during the 2nd quarter worth $1,789,000. Citadel Advisors LLC acquired a new stake in shares of Global X Emerging Markets ETF in the second quarter valued at about $623,000. Finally, NewEdge Wealth LLC acquired a new stake in shares of Global X Emerging Markets ETF in the first quarter valued at about $278,000.
Global X Emerging Markets ETF Stock Up 1.7%
EMM stock traded up $0.72 during midday trading on Friday, hitting $44.32. 12,011 shares of the company traded hands, compared to its average volume of 17,855. Global X Emerging Markets ETF has a twelve month low of $31.09 and a twelve month high of $47.54. The stock has a market capitalization of $58.95 million, a price-to-earnings ratio of 17.76 and a beta of 1.03. The business has a 50 day simple moving average of $44.24 and a 200-day simple moving average of $42.63.
About Global X Emerging Markets ETF
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.
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