Emerging Markets Internet ETF (NYSEARCA:EMQQ) Stock Short Interest Falls 37.8%

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 38,322 shares, a decrease of 37.8% from the August 31st total of 61,645 shares. Based on an average trading volume of 39,108 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Emerging Markets Internet ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jessup Wealth Management Inc bought a new stake in Emerging Markets Internet ETF in the fourth quarter valued at $73,000. Sankala Group LLC acquired a new stake in shares of Emerging Markets Internet ETF in the 4th quarter worth $2,187,000. Venturi Wealth Management LLC lifted its holdings in shares of Emerging Markets Internet ETF by 517.8% in the 1st quarter. Venturi Wealth Management LLC now owns 58,594 shares of the company’s stock valued at $1,938,000 after buying an additional 49,110 shares during the period. Risk Paradigm Group LLC increased its stake in Emerging Markets Internet ETF by 14.4% during the 2nd quarter. Risk Paradigm Group LLC now owns 60,674 shares of the company’s stock worth $1,893,000 after buying an additional 7,639 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC grew its position in Emerging Markets Internet ETF by 3.1% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 66,898 shares of the company’s stock worth $2,700,000 after acquiring an additional 2,006 shares during the period.

Emerging Markets Internet ETF Stock Down 0.7%

Emerging Markets Internet ETF stock traded down $0.21 during mid-day trading on Friday, reaching $30.32. The company had a trading volume of 10,741 shares, compared to its average volume of 52,159. The firm has a market cap of $227.41 million, a price-to-earnings ratio of 21.93 and a beta of 0.61. Emerging Markets Internet ETF has a 52 week low of $30.00 and a 52 week high of $46.89. The company has a 50 day moving average of $33.23 and a 200-day moving average of $33.02.

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.