Global X Emerging Markets ETF (NYSEARCA:EMM) Stock Short Interest Rises 437.6%

Global X Emerging Markets ETF (NYSEARCA:EMM) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 30,505 shares, an increase of 437.6% from the August 31st total of 5,674 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily volume of 7,772 shares, the short-interest ratio is currently 3.9 days.

Global X Emerging Markets ETF Trading Down 0.6%

Shares of Global X Emerging Markets ETF stock opened at $44.79 on Friday. The stock has a market capitalization of $59.57 million, a P/E ratio of 17.76 and a beta of 1.03. The business’s fifty day moving average price is $43.39 and its 200 day moving average price is $42.01. Global X Emerging Markets ETF has a twelve month low of $31.09 and a twelve month high of $47.54.

Institutional Trading of Global X Emerging Markets ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Wealth LLC purchased a new position in Global X Emerging Markets ETF in the first quarter valued at approximately $278,000. Citadel Advisors LLC purchased a new position in shares of Global X Emerging Markets ETF in the 2nd quarter valued at $623,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Global X Emerging Markets ETF during the 2nd quarter valued at $1,789,000.

About Global X Emerging Markets ETF

The Global X Emerging Markets ETF (EMM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of emerging market companies of all sizes that are believed to be future leaders within their respective markets. EMM was launched on Sep 24, 2010 and is managed by Global X.