Global X Emerging Markets ETF (NYSEARCA:EMM) Short Interest Down 52.9% in June

Global X Emerging Markets ETF (NYSEARCA:EMM) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,063 shares, a decline of 52.9% from the May 31st total of 4,381 shares. Based on an average trading volume of 6,895 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC acquired a new position in shares of Global X Emerging Markets ETF in the 3rd quarter valued at $2,091,000. Jane Street Group LLC purchased a new stake in shares of Global X Emerging Markets ETF during the 4th quarter worth about $229,000. OLD Mission Capital LLC acquired a new stake in shares of Global X Emerging Markets ETF during the 4th quarter valued at about $316,000. Susquehanna International Group LLP acquired a new stake in Global X Emerging Markets ETF in the third quarter valued at approximately $347,000. Finally, NewEdge Wealth LLC acquired a new stake in Global X Emerging Markets ETF in the 1st quarter valued at $278,000.

Global X Emerging Markets ETF Stock Down 2.8%

Shares of NYSEARCA:EMM traded down $1.28 during trading on Wednesday, hitting $43.97. The stock had a trading volume of 5,830 shares, compared to its average volume of 24,640. Global X Emerging Markets ETF has a 12-month low of $29.00 and a 12-month high of $47.54. The stock has a market capitalization of $62.44 million, a price-to-earnings ratio of 17.76 and a beta of 1.00. The stock has a 50-day simple moving average of $43.61 and a two-hundred day simple moving average of $38.96.

Global X Emerging Markets ETF Company Profile

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.