EMCC Stock Summary and Trading Ideas (Global X Funds Global X MSCI Emerging Markets Covered Call ETF | ARCA:EMCC)

The Global X MSCI Emerging Markets Covered Call ETF (EMCC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe MSCI Emerging Markets IMI BuyWrite Index. The Cboe MSCI Emerging Markets IMI BuyWrite Index (BXEMG) measures the total rate of return of a hypothetical "covered call" strategy applied to the MSCI Emerging Markets Investable Market Index (IMI) Net Total Return Index (MIMUEMRN), using a hypothetical long position in the MIMUEMRN and a short position in an at-the-money call option on the iShares Core MSCI Emerging Markets ETF (IEMG) expiring monthly.

Global X Funds Global X MSCI Emerging Markets Covered Call ETF trades on the ARCA stock market under the symbol EMCC.

As of December 16, 2024, EMCC stock price declined to $24.70 with 574 million shares trading.

EMCC has a market cap of $2.22 million. This is considered a Sub-Micro Cap stock.

EMCC has underperformed the market in the last year with a return of +8.5%, while the SPY ETF gained +30.5%. In the last 3 month period, EMCC fell short of the market, returning +2.2%, while SPY returned +8.3%. However, in the most recent 2 weeks EMCC has outperformed the stock market by returning +1.4%, while SPY returned +0.7%.

EMCC support price is $24.62 and resistance is $24.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EMCC shares will trade within this expected range on the day.