Emerging Markets Internet ETF (NYSEARCA:EMQQ) Sees Significant Increase in Short Interest

Emerging Markets Internet ETF (NYSEARCA:EMQQ) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 61,645 shares, a growth of 72.6% from the August 15th total of 35,725 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 39,314 shares, the days-to-cover ratio is presently 1.6 days.

Emerging Markets Internet ETF Price Performance

Shares of EMQQ traded up $0.02 during midday trading on Thursday, hitting $31.59. The stock had a trading volume of 28,571 shares, compared to its average volume of 53,353. Emerging Markets Internet ETF has a 1 year low of $30.00 and a 1 year high of $47.00. The stock’s 50 day moving average is $33.61 and its 200 day moving average is $33.26. The firm has a market cap of $223.03 million, a PE ratio of 21.93 and a beta of 0.61.

Institutional Trading of Emerging Markets Internet ETF

Hedge funds have recently added to or reduced their stakes in the company. Jessup Wealth Management Inc acquired a new position in shares of Emerging Markets Internet ETF during the 4th quarter valued at about $73,000. Sankala Group LLC acquired a new stake in Emerging Markets Internet ETF in the fourth quarter valued at approximately $2,187,000. Venturi Wealth Management LLC lifted its stake in Emerging Markets Internet ETF by 517.8% in the first quarter. Venturi Wealth Management LLC now owns 58,594 shares of the company’s stock worth $1,938,000 after acquiring an additional 49,110 shares during the last quarter. Risk Paradigm Group LLC grew its holdings 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 acquiring an additional 7,639 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC grew its holdings in Emerging Markets Internet ETF by 3.1% during the 4th 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 in the last quarter.

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.