Emerging Markets Internet ETF (NYSEARCA:EMQQ) Short Interest Down 56.2% in July

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 29,031 shares, a decrease of 56.2% from the June 30th total of 66,307 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 40,681 shares, the days-to-cover ratio is presently 0.7 days.

Emerging Markets Internet ETF Trading Up 0.3%

Shares of NYSEARCA:EMQQ opened at $33.62 on Thursday. The firm has a market cap of $268.96 million, a price-to-earnings ratio of 21.93 and a beta of 0.61. Emerging Markets Internet ETF has a 1 year low of $30.00 and a 1 year high of $47.00. The business has a fifty day simple moving average of $32.24 and a 200 day simple moving average of $34.55.

Hedge Funds Weigh In On Emerging Markets Internet ETF

A number of institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. bought a new stake in shares of Emerging Markets Internet ETF in the third quarter valued at about $30,000. Jessup Wealth Management Inc bought a new stake in shares of Emerging Markets Internet ETF in the 4th quarter worth approximately $73,000. Farther Finance Advisors LLC grew its holdings in shares of Emerging Markets Internet ETF by 84.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,452 shares of the company’s stock worth $99,000 after purchasing an additional 1,123 shares in the last quarter. Stronghold Wealth Management L.L.C. bought a new stake in shares of Emerging Markets Internet ETF during the fourth quarter valued at approximately $283,000. Finally, Jane Street Group LLC acquired a new position in shares of Emerging Markets Internet ETF in the first quarter valued at $1,462,000.

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.