Short Interest in Nomura Focused Emerging Markets Equity ETF (NASDAQ:EMEQ) Drops By 45.5%

Nomura Focused Emerging Markets Equity ETF (NASDAQ:EMEQ) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 24,649 shares, a decline of 45.5% from the April 30th total of 45,213 shares. Based on an average daily volume of 204,706 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Trading of Nomura Focused Emerging Markets Equity ETF

Several hedge funds have recently made changes to their positions in EMEQ. Goldstein Advisors LLC purchased a new stake in Nomura Focused Emerging Markets Equity ETF in the 4th quarter valued at approximately $33,198,000. Horizon Wealth Management LLC purchased a new stake in shares of Nomura Focused Emerging Markets Equity ETF in the 1st quarter worth about $18,448,000. Pacific Wealth Management acquired a new stake in Nomura Focused Emerging Markets Equity ETF during the 4th quarter valued at $14,691,000. &PARTNERS acquired a new stake in Nomura Focused Emerging Markets Equity ETF during the 4th quarter valued at $12,735,000. Finally, LPL Financial LLC lifted its holdings in Nomura Focused Emerging Markets Equity ETF by 121.9% in the 4th quarter. LPL Financial LLC now owns 390,698 shares of the company’s stock valued at $15,706,000 after purchasing an additional 214,606 shares in the last quarter.

Nomura Focused Emerging Markets Equity ETF Price Performance

EMEQ stock remained flat at $70.83 during mid-day trading on Tuesday. The company’s stock had a trading volume of 269,901 shares, compared to its average volume of 173,059. Nomura Focused Emerging Markets Equity ETF has a 52 week low of $27.61 and a 52 week high of $72.66. The company has a fifty day moving average of $55.58 and a two-hundred day moving average of $47.91. The company has a market cap of $566.64 million, a P/E ratio of 11.97 and a beta of 1.61.

Nomura Focused Emerging Markets Equity ETF Company Profile

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.