Short Interest in Nomura Focused Emerging Markets Equity ETF (NASDAQ:EMEQ) Drops By 45.5%

Nomura Focused Emerging Markets Equity ETF (NASDAQ:EMEQ) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 24,649 shares, a decline of 45.5% from the April 30th total of 45,213 shares. Based on an average trading volume of 204,706 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Nomura Focused Emerging Markets Equity ETF Stock Performance

NASDAQ:EMEQ remained flat at $70.83 during trading hours on Tuesday. The company’s stock had a trading volume of 269,901 shares, compared to its average volume of 173,059. Nomura Focused Emerging Markets Equity ETF has a one year low of $27.61 and a one year high of $72.66. The company has a market capitalization of $566.64 million, a price-to-earnings ratio of 11.97 and a beta of 1.61. The stock has a fifty day moving average price of $55.58 and a 200 day moving average price of $47.91.

Institutional Investors Weigh In On Nomura Focused Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new stake in Nomura Focused Emerging Markets Equity ETF in the 1st quarter worth $3,423,000. Royal Bank of Canada purchased a new stake in shares of Nomura Focused Emerging Markets Equity ETF in the first quarter valued at about $1,008,000. Pacific Wealth Management grew its holdings in shares of Nomura Focused Emerging Markets Equity ETF by 35.1% in the first quarter. Pacific Wealth Management now owns 493,825 shares of the company’s stock valued at $22,272,000 after purchasing an additional 128,377 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of Nomura Focused Emerging Markets Equity ETF by 160.5% in the first quarter. Sanctuary Advisors LLC now owns 28,583 shares of the company’s stock valued at $1,289,000 after purchasing an additional 17,611 shares during the period. Finally, Fifth Third Bancorp purchased a new position in Nomura Focused Emerging Markets Equity ETF during the first quarter worth about $93,000.

Nomura Focused Emerging Markets Equity ETF Company Profile

The Macquarie Focused Emerging Markets Equity ETF (EMEQ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through a narrow portfolio of companies across all capitalizations within the emerging markets. EMEQ was launched on Sep 4, 2024 and is issued by Macquarie.