Emerging Markets Internet ETF (NYSEARCA:EMQQ) Short Interest Down 56.2% in July

Emerging Markets Internet ETF (NYSEARCA:EMQQ) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 29,031 shares, a decline of 56.2% from the June 30th total of 66,307 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 40,681 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Emerging Markets Internet ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its holdings in shares of Emerging Markets Internet ETF by 517.8% in the 1st quarter. Venturi Wealth Management LLC now owns 58,594 shares of the company’s stock worth $1,938,000 after buying an additional 49,110 shares in the last quarter. Sankala Group LLC acquired a new stake in shares of Emerging Markets Internet ETF in the 4th quarter valued at $2,187,000. RPg Family Wealth Advisory LLC raised its holdings in Emerging Markets Internet ETF by 3.1% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 66,898 shares of the company’s stock worth $2,700,000 after purchasing an additional 2,006 shares during the last quarter. Jessup Wealth Management Inc bought a new stake in shares of Emerging Markets Internet ETF during the fourth quarter worth approximately $73,000. Finally, Stronghold Wealth Management L.L.C. bought a new stake in shares of Emerging Markets Internet ETF during the 4th quarter valued at $283,000.

Emerging Markets Internet ETF Stock Up 1.1%

NYSEARCA EMQQ traded up $0.36 on Tuesday, reaching $33.52. 26,295 shares of the stock traded hands, compared to its average volume of 57,608. The firm’s fifty day simple moving average is $32.21 and its 200 day simple moving average is $34.66. The company has a market cap of $268.16 million, a price-to-earnings ratio of 21.93 and a beta of 0.61. Emerging Markets Internet ETF has a 12 month low of $30.00 and a 12 month high of $47.00.

Emerging Markets Internet ETF Company Profile

The EMQQ Emerging Markets Internet & Ecommerce ETF (EMQQ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a cap-weighted index of companies producing most of their revenue from internet or ecommerce activity in emerging markets. EMQQ was launched on Nov 13, 2014 and is managed by EMQQ.