Global X Emerging Markets Great Consumer ETF (NYSEARCA:EMC) Sees Large Decline in Short Interest

Global X Emerging Markets Great Consumer ETF (NYSEARCA:EMC) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 6,112 shares, a decline of 47.4% from the September 30th total of 11,620 shares. Based on an average daily volume of 1,581 shares, the days-to-cover ratio is currently 3.9 days. Approximately 0.4% of the shares of the company are short sold.

Global X Emerging Markets Great Consumer ETF Trading Up 0.3%

EMC stock traded up $0.11 during trading on Monday, hitting $33.68. The company had a trading volume of 1,217 shares, compared to its average volume of 8,747. The firm has a market capitalization of $52.20 million, a price-to-earnings ratio of 31.48 and a beta of 0.86. The business has a 50 day moving average of $36.59 and a 200 day moving average of $35.26. Global X Emerging Markets Great Consumer ETF has a fifty-two week low of $27.88 and a fifty-two week high of $39.30.

Global X Emerging Markets Great Consumer ETF Company Profile

The Global X Emerging Markets Great Consumer ETF (EMC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in companies across multiple sectors that are positioned to benefit from the increasing consumption and growing purchasing power of consumers from the emerging markets. EMC was launched on Sep 24, 2010 and is managed by Global X.