Emerging Markets Internet ETF (NYSEARCA:EMQQ) Short Interest Down 56.2% in July

Emerging Markets Internet ETF (NYSEARCA:EMQQ) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 29,031 shares, a decrease of 56.2% from the June 30th total of 66,307 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 40,681 shares, the short-interest ratio is currently 0.7 days.

Emerging Markets Internet ETF Stock Up 1.1%

Shares of NYSEARCA:EMQQ traded up $0.36 during midday trading on Tuesday, reaching $33.52. The company’s stock had a trading volume of 26,295 shares, compared to its average volume of 57,608. The firm has a market cap of $268.16 million, a price-to-earnings ratio of 21.93 and a beta of 0.61. Emerging Markets Internet ETF has a 1 year low of $30.00 and a 1 year high of $47.00. The business has a 50 day moving average price of $32.21 and a 200 day moving average price of $34.66.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. acquired a new stake in shares of Emerging Markets Internet ETF in the 3rd quarter valued at about $30,000. Jessup Wealth Management Inc acquired a new position in Emerging Markets Internet ETF during the 4th quarter valued at approximately $73,000. Farther Finance Advisors LLC boosted its position in Emerging Markets Internet ETF by 84.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,452 shares of the company’s stock valued at $99,000 after purchasing an additional 1,123 shares during the period. Stronghold Wealth Management L.L.C. bought a new position in Emerging Markets Internet ETF during the 4th quarter worth $283,000. Finally, Jane Street Group LLC bought a new position in Emerging Markets Internet ETF during the 1st quarter worth $1,462,000.

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.