Emerging Markets Internet ETF (NYSEARCA:EMQQ) Sees Large Decrease in Short Interest

Emerging Markets Internet ETF (NYSEARCA:EMQQ) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 8,040 shares, a decline of 80.6% from the May 31st total of 41,450 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 53,088 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC boosted its position in Emerging Markets Internet ETF by 3.1% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 66,898 shares of the company’s stock worth $2,700,000 after buying an additional 2,006 shares during the period. Venturi Wealth Management LLC increased its position in Emerging Markets Internet ETF by 517.8% in the 1st quarter. Venturi Wealth Management LLC now owns 58,594 shares of the company’s stock valued at $1,938,000 after acquiring an additional 49,110 shares during the period. Sankala Group LLC acquired a new position in Emerging Markets Internet ETF in the 4th quarter valued at approximately $2,187,000. Jane Street Group LLC bought a new position in shares of Emerging Markets Internet ETF during the first quarter valued at $1,462,000. Finally, Stronghold Wealth Management L.L.C. bought a new position in shares of Emerging Markets Internet ETF during the fourth quarter valued at $283,000.

Emerging Markets Internet ETF Trading Down 2.0%

Emerging Markets Internet ETF stock opened at $30.14 on Friday. The company has a market capitalization of $245.64 million, a PE ratio of 21.93 and a beta of 0.61. Emerging Markets Internet ETF has a 12 month low of $30.13 and a 12 month high of $47.00. The stock has a 50-day moving average price of $32.94 and a two-hundred day moving average price of $36.03.

Emerging Markets Internet ETF Company Profile

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.