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

Nomura Focused Emerging Markets Equity ETF (NASDAQ:EMEQ) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 23,583 shares, a decrease of 88.2% from the September 30th total of 200,483 shares. Based on an average daily trading volume, of 117,110 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Nomura Focused Emerging Markets Equity ETF

A number of hedge funds have recently added to or reduced their stakes in EMEQ. Horizon Wealth Management LLC acquired a new stake in Nomura Focused Emerging Markets Equity ETF during the first quarter worth about $18,448,000. Private Advisor Group LLC grew its holdings in shares of Nomura Focused Emerging Markets Equity ETF by 860.7% during the first quarter. Private Advisor Group LLC now owns 207,691 shares of the company’s stock valued at $9,367,000 after purchasing an additional 186,072 shares during the last quarter. Pacific Wealth Management grew its holdings in shares of 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 valued at $22,272,000 after purchasing an additional 128,377 shares during the last quarter. Goldstein Advisors LLC raised its position in shares of Nomura Focused Emerging Markets Equity ETF by 507.7% during the 3rd quarter. Goldstein Advisors LLC now owns 115,545 shares of the company’s stock worth $7,588,000 after purchasing an additional 96,532 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Nomura Focused Emerging Markets Equity ETF during the 1st quarter worth approximately $3,423,000.

Nomura Focused Emerging Markets Equity ETF Stock Up 3.1%

NASDAQ:EMEQ opened at $61.45 on Thursday. The company has a market cap of $620.64 million, a PE ratio of 11.97 and a beta of 1.63. The business’s 50 day moving average is $64.14 and its two-hundred day moving average is $58.68. Nomura Focused Emerging Markets Equity ETF has a 52 week low of $37.01 and a 52 week high of $78.71.

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.