Global X Emerging Markets ETF (NYSEARCA:EMM) Stock Short Interest Falls 52.2%

Global X Emerging Markets ETF (NYSEARCA:EMM) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 2,031 shares, a decrease of 52.2% from the September 30th total of 4,251 shares. Based on an average daily trading volume, of 20,908 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Global X Emerging Markets ETF Stock Performance

NYSEARCA EMM traded down $1.39 on Friday, hitting $39.82. The stock had a trading volume of 4,576 shares, compared to its average volume of 17,314. The firm has a 50-day moving average of $43.75 and a 200-day moving average of $41.28. Global X Emerging Markets ETF has a 52-week low of $31.63 and a 52-week high of $47.54. The company has a market capitalization of $52.96 million, a price-to-earnings ratio of 17.76 and a beta of 1.03.

Hedge Funds Weigh In On Global X Emerging Markets ETF

A number of hedge funds have recently modified their holdings of the company. Purus Wealth Management LLC purchased a new stake in Global X Emerging Markets ETF in the third quarter worth $856,000. NewEdge Advisors LLC bought a new stake in Global X Emerging Markets ETF in the second quarter worth $1,789,000. Citadel Advisors LLC purchased a new stake in Global X Emerging Markets ETF in the second quarter worth $623,000. Finally, NewEdge Wealth LLC purchased a new position in shares of Global X Emerging Markets ETF during the first quarter worth approximately $278,000.

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.