Short Interest in Global X Emerging Markets Bond ETF (NYSEARCA:EMBD) Expands By 293.4%

Global X Emerging Markets Bond ETF (NYSEARCA:EMBD) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 2,089 shares, an increase of 293.4% from the May 14th total of 531 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 12,783 shares, the days-to-cover ratio is presently 0.2 days.

Global X Emerging Markets Bond ETF Trading Up 0.6%

EMBD stock traded up $0.15 during trading on Thursday, hitting $23.83. The stock had a trading volume of 11,049 shares, compared to its average volume of 55,435. The company’s 50 day moving average price is $23.74 and its two-hundred day moving average price is $23.87. Global X Emerging Markets Bond ETF has a 1-year low of $22.67 and a 1-year high of $25.12.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EMBD. Northwestern Mutual Wealth Management Co. acquired a new position in Global X Emerging Markets Bond ETF in the 3rd quarter valued at about $39,000. Geneos Wealth Management Inc. acquired a new position in Global X Emerging Markets Bond ETF in the 1st quarter valued at about $83,000. CWM LLC raised its stake in Global X Emerging Markets Bond ETF by 300.3% in the 4th quarter. CWM LLC now owns 7,845 shares of the company’s stock valued at $188,000 after purchasing an additional 5,885 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Global X Emerging Markets Bond ETF in the 2nd quarter valued at about $308,000. Finally, Private Advisor Group LLC purchased a new stake in Global X Emerging Markets Bond ETF in the 1st quarter valued at about $385,000.

About Global X Emerging Markets Bond ETF

The Global X Emerging Markets Bond ETF (EMBD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in broad emerging market bonds with any maturity. EMBD was launched on Jun 1, 2020 and is managed by Global X.