Emerging Markets Internet ETF (NYSEARCA:EMQQ) Shares Down 0.5% – Here’s What Happened

Emerging Markets Internet ETF (NYSEARCA:EMQQ) shares were down 0.5% during mid-day trading on Tuesday . The stock traded as low as $41.67 and last traded at $41.81. Approximately 69,694 shares changed hands during trading, an increase of 75% from the average daily volume of 39,802 shares. The stock had previously closed at $42.02.

Emerging Markets Internet ETF Price Performance

The firm has a 50 day moving average price of $44.07 and a 200-day moving average price of $42.86. The firm has a market cap of $370.02 million, a price-to-earnings ratio of 21.93 and a beta of 0.57.

Institutional Investors Weigh In On Emerging Markets Internet ETF

Several institutional investors have recently modified their holdings of EMQQ. Sunbelt Securities Inc. bought a new position in Emerging Markets Internet ETF in the third quarter valued at $30,000. Simplex Trading LLC bought a new position in Emerging Markets Internet ETF in the first quarter valued at approximately $38,000. EMC Capital Management bought a new position in Emerging Markets Internet ETF in the third quarter valued at approximately $242,000. Ethos Financial Group LLC acquired a new position in shares of Emerging Markets Internet ETF during the 1st quarter worth approximately $452,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Emerging Markets Internet ETF during the 2nd quarter worth approximately $711,000.

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.