Emerging Markets Internet ETF (NYSEARCA:EMQQ) Shares Shorted: Short Interest Down 37.8% in September

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 38,322 shares, a decrease of 37.8% from the August 31st total of 61,645 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 39,108 shares, the short-interest ratio is presently 1.0 days.

Emerging Markets Internet ETF Stock Down 0.1%

EMQQ stock opened at $30.50 on Friday. Emerging Markets Internet ETF has a 52-week low of $30.00 and a 52-week high of $46.89. The company’s 50-day simple moving average is $33.20 and its 200-day simple moving average is $33.00. The firm has a market cap of $228.75 million, a P/E ratio of 21.93 and a beta of 0.61.

Institutional Trading of Emerging Markets Internet ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jessup Wealth Management Inc purchased a new stake in shares of Emerging Markets Internet ETF during the fourth quarter worth about $73,000. Risk Paradigm Group LLC raised its holdings in shares of Emerging Markets Internet ETF by 14.4% during the second quarter. Risk Paradigm Group LLC now owns 60,674 shares of the company’s stock valued at $1,893,000 after acquiring an additional 7,639 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Emerging Markets Internet ETF by 517.8% during the first quarter. Venturi Wealth Management LLC now owns 58,594 shares of the company’s stock valued at $1,938,000 after acquiring an additional 49,110 shares during the last quarter. Sankala Group LLC acquired a new stake in shares of Emerging Markets Internet ETF in the fourth quarter worth approximately $2,187,000. Finally, RPg Family Wealth Advisory LLC boosted its stake in shares of Emerging Markets Internet ETF by 3.5% in the second quarter. RPg Family Wealth Advisory LLC now owns 80,042 shares of the company’s stock worth $2,498,000 after acquiring an additional 2,671 shares during the last quarter.

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.