Global X Emerging Markets ETF (NYSEARCA:EMM) Shares Shorted: Short Interest Down 86.1% in September

Global X Emerging Markets ETF (NYSEARCA:EMM) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 4,251 shares, a drop of 86.1% from the September 15th total of 30,505 shares. Based on an average daily trading volume, of 1,556 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Trading of Global X Emerging Markets ETF

A number of hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in shares of Global X Emerging Markets ETF in the second quarter valued at $1,789,000. Citadel Advisors LLC purchased a new stake in Global X Emerging Markets ETF during the 2nd quarter worth $623,000. Finally, NewEdge Wealth LLC purchased a new stake in Global X Emerging Markets ETF during the 1st quarter worth $278,000.

Global X Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EMM traded down $0.55 during mid-day trading on Monday, hitting $43.77. 3,783 shares of the company traded hands, compared to its average volume of 17,783. The firm’s 50 day simple moving average is $44.24 and its 200 day simple moving average is $42.68. The firm has a market cap of $58.21 million, a P/E ratio of 17.76 and a beta of 1.03. Global X Emerging Markets ETF has a 52-week low of $31.63 and a 52-week high of $47.54.

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.