Global X Emerging Markets Great Consumer ETF (NYSEARCA:EMC) Stock Short Interest Falls 47.4%

Global X Emerging Markets Great Consumer ETF (NYSEARCA:EMC) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 6,112 shares, a drop of 47.4% from the September 30th total of 11,620 shares. Based on an average daily volume of 1,581 shares, the short-interest ratio is currently 3.9 days. Approximately 0.4% of the company’s shares are short sold.

Global X Emerging Markets Great Consumer ETF Stock Performance

EMC stock traded down $0.88 on Friday, reaching $33.57. The company’s stock had a trading volume of 2,944 shares, compared to its average volume of 8,783. The business has a fifty day simple moving average of $36.66 and a two-hundred day simple moving average of $35.25. Global X Emerging Markets Great Consumer ETF has a 12-month low of $27.88 and a 12-month high of $39.30. The firm has a market cap of $52.03 million, a PE ratio of 31.37 and a beta of 0.86.

About Global X Emerging Markets Great Consumer ETF

The Global X Emerging Markets Great Consumer ETF (EMC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in companies across multiple sectors that are positioned to benefit from the increasing consumption and growing purchasing power of consumers from the emerging markets. EMC was launched on Sep 24, 2010 and is managed by Global X.