Short Interest in Emerging Markets Internet ETF (NYSEARCA:EMQQ) Grows By 724.7%

Emerging Markets Internet ETF (NYSEARCA:EMQQ) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 66,307 shares, an increase of 724.7% from the June 15th total of 8,040 shares. Based on an average trading volume of 54,624 shares, the short-interest ratio is currently 1.2 days. Approximately 0.8% of the shares of the stock are sold short.

Emerging Markets Internet ETF Stock Up 0.5%

Shares of EMQQ traded up $0.16 on Friday, reaching $33.26. The stock had a trading volume of 18,691 shares, compared to its average volume of 59,973. Emerging Markets Internet ETF has a twelve month low of $30.00 and a twelve month high of $47.00. The firm has a market capitalization of $266.08 million, a PE ratio of 21.93 and a beta of 0.61. The firm has a 50-day moving average of $32.37 and a 200 day moving average of $35.35.

Institutional Trading of Emerging Markets Internet ETF

Several large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in shares of Emerging Markets Internet ETF in the third quarter valued at $30,000. Jessup Wealth Management Inc purchased a new stake in shares of Emerging Markets Internet ETF in the 4th quarter worth about $73,000. Farther Finance Advisors LLC grew its stake in Emerging Markets Internet ETF by 84.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,452 shares of the company’s stock valued at $99,000 after acquiring an additional 1,123 shares during the last quarter. EMC Capital Management acquired a new stake in Emerging Markets Internet ETF in the 3rd quarter valued at about $242,000. Finally, Stronghold Wealth Management L.L.C. purchased a new position in Emerging Markets Internet ETF during the 4th quarter valued at about $283,000.

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.