Global X Emerging Markets ETF (NYSEARCA:EMM – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,063 shares, a drop of 52.9% from the May 31st total of 4,381 shares. Based on an average trading volume of 6,895 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.
Global X Emerging Markets ETF Price Performance
EMM traded up $0.85 during trading hours on Tuesday, reaching $45.25. The company’s stock had a trading volume of 9,195 shares, compared to its average volume of 24,793. The stock has a market cap of $64.25 million, a PE ratio of 17.76 and a beta of 1.00. Global X Emerging Markets ETF has a fifty-two week low of $29.00 and a fifty-two week high of $47.54. The business’s 50-day moving average is $43.44 and its 200-day moving average is $38.81.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of Global X Emerging Markets ETF during the fourth quarter valued at about $229,000. NewEdge Wealth LLC acquired a new position in shares of Global X Emerging Markets ETF in the 1st quarter worth approximately $278,000. OLD Mission Capital LLC purchased a new position in shares of Global X Emerging Markets ETF during the 4th quarter worth approximately $316,000. Susquehanna International Group LLP purchased a new position in shares of Global X Emerging Markets ETF during the 3rd quarter worth approximately $347,000. Finally, Orion Porfolio Solutions LLC acquired a new stake in Global X Emerging Markets ETF in the 3rd quarter valued at approximately $2,091,000.
About Global X Emerging Markets ETF
The Global X Emerging Markets ETF (EMM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of emerging market companies of all sizes that are believed to be future leaders within their respective markets. EMM was launched on Sep 24, 2010 and is managed by Global X.
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