Global X Emerging Markets ETF (NYSEARCA:EMM) Short Interest Up 84.2% in July

Global X Emerging Markets ETF (NYSEARCA:EMM) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 4,876 shares, a growth of 84.2% from the July 15th total of 2,647 shares. Based on an average daily trading volume, of 6,903 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in Global X Emerging Markets ETF in the fourth quarter valued at $229,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Global X Emerging Markets ETF during the 2nd quarter valued at about $282,000. NewEdge Wealth LLC purchased a new position in shares of Global X Emerging Markets ETF during the 1st quarter valued at about $278,000. OLD Mission Capital LLC acquired a new position in shares of Global X Emerging Markets ETF in the 4th quarter valued at about $316,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Global X Emerging Markets ETF in the 3rd quarter valued at about $347,000.

Global X Emerging Markets ETF Trading Down 2.2%

Shares of NYSEARCA EMM opened at $43.13 on Tuesday. Global X Emerging Markets ETF has a 12 month low of $29.56 and a 12 month high of $47.54. The company has a 50 day simple moving average of $43.25 and a two-hundred day simple moving average of $40.76. The stock has a market cap of $56.07 million, a price-to-earnings ratio of 17.76 and a beta of 1.02.

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.