Emerging Markets Internet ETF (NYSEARCA:EMQQ) Short Interest Update

Emerging Markets Internet ETF (NYSEARCA:EMQQ) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 33,836 shares, an increase of 714.3% from the April 30th total of 4,155 shares. Based on an average daily trading volume, of 53,858 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EMQQ. Sunbelt Securities Inc. acquired a new position in Emerging Markets Internet ETF during the 3rd quarter worth $30,000. RPg Family Wealth Advisory LLC grew its stake in Emerging Markets Internet ETF by 1.3% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 64,892 shares of the company’s stock worth $3,013,000 after purchasing an additional 842 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Emerging Markets Internet ETF by 84.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,452 shares of the company’s stock worth $99,000 after purchasing an additional 1,123 shares in the last quarter. Jessup Wealth Management Inc acquired a new position in Emerging Markets Internet ETF during the 4th quarter worth $73,000. Finally, EMC Capital Management acquired a new position in Emerging Markets Internet ETF during the 3rd quarter worth $242,000.

Emerging Markets Internet ETF Price Performance

Emerging Markets Internet ETF stock traded up $0.06 during midday trading on Friday, reaching $32.40. The company’s stock had a trading volume of 83,557 shares, compared to its average volume of 62,207. The stock’s 50-day simple moving average is $33.46 and its 200-day simple moving average is $37.55. Emerging Markets Internet ETF has a 52-week low of $31.70 and a 52-week high of $47.00. The stock has a market capitalization of $264.06 million, a P/E ratio of 21.93 and a beta of 0.64.

Emerging Markets Internet ETF Company Profile

The EMQQ Emerging Markets Internet & Ecommerce ETF (EMQQ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a cap-weighted index of companies producing most of their revenue from internet or ecommerce activity in emerging markets. EMQQ was launched on Nov 13, 2014 and is managed by EMQQ.