Global X Emerging Markets ETF (NYSEARCA:EMM) Short Interest Update

Global X Emerging Markets ETF (NYSEARCA:EMM) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 6,800 shares, an increase of 37.0% from the December 15th total of 4,965 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 25,342 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 25,342 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.6% of the company’s shares are sold short.

Global X Emerging Markets ETF Stock Performance

NYSEARCA EMM traded down $0.03 on Monday, hitting $35.84. 9,107 shares of the stock were exchanged, compared to its average volume of 63,801. Global X Emerging Markets ETF has a 52-week low of $22.98 and a 52-week high of $36.11. The firm has a market capitalization of $47.67 million, a P/E ratio of 17.76 and a beta of 0.80. The stock has a fifty day moving average price of $33.55 and a two-hundred day moving average price of $31.96.

Hedge Funds Weigh In On Global X Emerging Markets ETF

Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new stake in Global X Emerging Markets ETF in the third quarter worth about $347,000. Orion Porfolio Solutions LLC bought a new position in shares of Global X Emerging Markets ETF during the third quarter valued at approximately $2,091,000. Sierra Capital LLC purchased a new stake in shares of Global X Emerging Markets ETF in the second quarter worth approximately $413,000. Finally, Jane Street Group LLC bought a new stake in shares of Global X Emerging Markets ETF during the 1st quarter worth approximately $324,000.

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.