Short Interest in Emerging Markets Internet ETF (NYSEARCA:EMQQ) Expands By 72.6%
by Scott Moore · The Cerbat GemEmerging Markets Internet ETF (NYSEARCA:EMQQ – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 61,645 shares, a growth of 72.6% from the August 15th total of 35,725 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 39,314 shares, the days-to-cover ratio is currently 1.6 days.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of EMQQ. RPg Family Wealth Advisory LLC raised its position in shares of Emerging Markets Internet ETF by 3.5% in the second quarter. RPg Family Wealth Advisory LLC now owns 80,042 shares of the company’s stock worth $2,498,000 after buying an additional 2,671 shares in the last quarter. Risk Paradigm Group LLC grew its position in Emerging Markets Internet ETF by 14.4% during the second quarter. Risk Paradigm Group LLC now owns 60,674 shares of the company’s stock worth $1,893,000 after buying an additional 7,639 shares in the last quarter. Venturi Wealth Management LLC increased its stake 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 worth $1,938,000 after acquiring an additional 49,110 shares during the last quarter. Sankala Group LLC bought a new position in Emerging Markets Internet ETF in the 4th quarter worth about $2,187,000. Finally, Jessup Wealth Management Inc purchased a new stake in shares of Emerging Markets Internet ETF in the 4th quarter valued at about $73,000.
Emerging Markets Internet ETF Stock Performance
NYSEARCA EMQQ traded down $0.29 during trading on Wednesday, hitting $31.57. 21,489 shares of the company’s stock traded hands, compared to its average volume of 53,493. The stock has a market capitalization of $222.88 million, a price-to-earnings ratio of 21.93 and a beta of 0.61. Emerging Markets Internet ETF has a 12-month low of $30.00 and a 12-month high of $47.00. The business has a 50 day moving average of $33.63 and a 200-day moving average of $33.30.
About Emerging Markets Internet ETF
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.