Short Interest in Emerging Markets Internet ETF (NYSEARCA:EMQQ) Grows By 714.3%

Emerging Markets Internet ETF (NYSEARCA:EMQQ) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 33,836 shares, an increase of 714.3% from the April 30th total of 4,155 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 53,858 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. purchased a new stake in Emerging Markets Internet ETF in the third quarter worth about $30,000. RPg Family Wealth Advisory LLC lifted its stake in Emerging Markets Internet ETF by 1.3% in the third quarter. RPg Family Wealth Advisory LLC now owns 64,892 shares of the company’s stock worth $3,013,000 after acquiring an additional 842 shares during the period. Farther Finance Advisors LLC lifted its stake in Emerging Markets Internet ETF by 84.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,452 shares of the company’s stock worth $99,000 after acquiring an additional 1,123 shares during the period. Jessup Wealth Management Inc purchased a new stake in Emerging Markets Internet ETF in the fourth quarter worth about $73,000. Finally, EMC Capital Management purchased a new stake in Emerging Markets Internet ETF in the third quarter worth about $242,000.

Emerging Markets Internet ETF Trading Down 0.2%

NYSEARCA EMQQ opened at $32.61 on Thursday. The company’s 50-day moving average price is $33.52 and its 200-day moving average price is $37.67. The stock has a market cap of $265.77 million, a PE ratio of 21.93 and a beta of 0.64. Emerging Markets Internet ETF has a 12 month low of $31.70 and a 12 month high of $47.00.

About Emerging Markets Internet ETF

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.