Emerging Markets Internet ETF (NYSEARCA:EMQQ) Short Interest Update

Emerging Markets Internet ETF (NYSEARCA:EMQQ) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 61,645 shares, an increase of 72.6% from the August 15th total of 35,725 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 39,314 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC raised its position in shares of Emerging Markets Internet ETF by 3.5% in the second quarter. RPg Family Wealth Advisory LLC now owns 80,042 shares of the company’s stock worth $2,498,000 after buying an additional 2,671 shares in the last quarter. Risk Paradigm Group LLC raised its holdings in shares of Emerging Markets Internet ETF by 14.4% in the 2nd quarter. Risk Paradigm Group LLC now owns 60,674 shares of the company’s stock valued at $1,893,000 after acquiring an additional 7,639 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Emerging Markets Internet ETF by 517.8% during the first quarter. Venturi Wealth Management LLC now owns 58,594 shares of the company’s stock worth $1,938,000 after purchasing an additional 49,110 shares in the last quarter. Sankala Group LLC purchased a new stake in Emerging Markets Internet ETF in the fourth quarter valued at approximately $2,187,000. Finally, Jessup Wealth Management Inc bought a new stake in Emerging Markets Internet ETF during the fourth quarter valued at approximately $73,000.

Emerging Markets Internet ETF Trading Up 0.3%

Shares of NYSEARCA:EMQQ traded up $0.08 during trading on Friday, hitting $31.67. 62,540 shares of the company’s stock traded hands, compared to its average volume of 53,390. Emerging Markets Internet ETF has a 52 week low of $30.00 and a 52 week high of $46.94. The company has a market cap of $223.60 million, a price-to-earnings ratio of 21.93 and a beta of 0.61. The company has a 50-day moving average price of $33.58 and a 200-day moving average price of $33.23.

About Emerging Markets Internet ETF

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.