Nomura Focused Emerging Markets Equity ETF (NASDAQ:EMEQ) Sees Significant Growth in Short Interest

Nomura Focused Emerging Markets Equity ETF (NASDAQ:EMEQ) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 200,483 shares, a growth of 128.6% from the September 15th total of 87,702 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 105,666 shares, the short-interest ratio is currently 1.9 days.

Institutional Investors Weigh In On Nomura Focused Emerging Markets Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacific Wealth Management boosted its holdings in Nomura Focused Emerging Markets Equity ETF by 35.1% during the first quarter. Pacific Wealth Management now owns 493,825 shares of the company’s stock worth $22,272,000 after purchasing an additional 128,377 shares during the last quarter. Horizon Wealth Management LLC purchased a new position in shares of Nomura Focused Emerging Markets Equity ETF in the 1st quarter worth approximately $18,448,000. Private Advisor Group LLC boosted its stake in shares of Nomura Focused Emerging Markets Equity ETF by 860.7% in the 1st quarter. Private Advisor Group LLC now owns 207,691 shares of the company’s stock worth $9,367,000 after buying an additional 186,072 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Nomura Focused Emerging Markets Equity ETF in the 1st quarter worth approximately $3,423,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Nomura Focused Emerging Markets Equity ETF in the second quarter valued at approximately $5,079,000.

Nomura Focused Emerging Markets Equity ETF Stock Performance

Shares of Nomura Focused Emerging Markets Equity ETF stock traded down $1.46 on Wednesday, hitting $60.41. The company had a trading volume of 33,089 shares, compared to its average volume of 153,643. The stock has a market capitalization of $604.05 million, a price-to-earnings ratio of 11.97 and a beta of 1.63. Nomura Focused Emerging Markets Equity ETF has a 1 year low of $36.71 and a 1 year high of $78.71. The stock has a 50 day moving average of $65.21 and a 200-day moving average of $63.00.

About Nomura Focused Emerging Markets Equity ETF

The Macquarie Focused Emerging Markets Equity ETF (EMEQ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through a narrow portfolio of companies across all capitalizations within the emerging markets. EMEQ was launched on Sep 4, 2024 and is issued by Macquarie.