Short Interest in Global X Emerging Markets ETF (NYSEARCA:EMM) Decreases By 69.4%

Global X Emerging Markets ETF (NYSEARCA:EMM) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 4,302 shares, a drop of 69.4% from the April 30th total of 14,080 shares. Based on an average daily trading volume, of 21,906 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

Global X Emerging Markets ETF Stock Down 0.1%

Shares of NYSEARCA:EMM traded down $0.04 during midday trading on Friday, hitting $44.76. The stock had a trading volume of 8,096 shares, compared to its average volume of 27,973. Global X Emerging Markets ETF has a 12 month low of $27.85 and a 12 month high of $45.05. The business’s 50-day simple moving average is $39.97 and its 200-day simple moving average is $36.97. The company has a market cap of $63.56 million, a P/E ratio of 17.76 and a beta of 0.98.

Hedge Funds Weigh In On Global X Emerging Markets ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EMM. Jane Street Group LLC bought a new position in shares of Global X Emerging Markets ETF in the fourth quarter valued at $229,000. NewEdge Wealth LLC bought a new position in Global X Emerging Markets ETF during the first quarter worth $278,000. OLD Mission Capital LLC bought a new position in Global X Emerging Markets ETF during the fourth quarter worth $316,000. Susquehanna International Group LLP bought a new position in Global X Emerging Markets ETF during the third quarter worth $347,000. Finally, Orion Porfolio Solutions LLC bought a new position in Global X Emerging Markets ETF during the third quarter worth $2,091,000.

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.