Short Interest in SPDR Bloomberg Emerging Markets USD Bond ETF (NYSEARCA:EMHC) Drops By 16.5%

SPDR Bloomberg Emerging Markets USD Bond ETF (NYSEARCA:EMHC) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 38,565 shares, a decrease of 16.5% from the February 12th total of 46,212 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 24,999 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 24,999 shares, the short-interest ratio is currently 1.5 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On SPDR Bloomberg Emerging Markets USD Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Triumph Capital Management acquired a new position in SPDR Bloomberg Emerging Markets USD Bond ETF in the third quarter valued at $47,000. CWM LLC raised its holdings in SPDR Bloomberg Emerging Markets USD Bond ETF by 172.3% in the fourth quarter. CWM LLC now owns 2,644 shares of the company’s stock valued at $67,000 after buying an additional 1,673 shares during the period. Bank of America Corp DE lifted its holdings in shares of SPDR Bloomberg Emerging Markets USD Bond ETF by 47.2% during the 2nd quarter. Bank of America Corp DE now owns 3,317 shares of the company’s stock valued at $82,000 after acquiring an additional 1,063 shares in the last quarter. Breakwater Investment Management acquired a new stake in shares of SPDR Bloomberg Emerging Markets USD Bond ETF in the fourth quarter valued at about $115,000. Finally, Sowell Financial Services LLC purchased a new position in shares of SPDR Bloomberg Emerging Markets USD Bond ETF in the fourth quarter valued at $202,000.

SPDR Bloomberg Emerging Markets USD Bond ETF Stock Up 0.4%

Shares of NYSEARCA EMHC traded up $0.11 during midday trading on Monday, hitting $25.05. The company had a trading volume of 22,047 shares, compared to its average volume of 31,332. The business has a 50-day simple moving average of $25.52 and a two-hundred day simple moving average of $25.44. SPDR Bloomberg Emerging Markets USD Bond ETF has a twelve month low of $22.84 and a twelve month high of $25.86.

SPDR Bloomberg Emerging Markets USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.1184 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. This is a boost from SPDR Bloomberg Emerging Markets USD Bond ETF’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 2nd.

About SPDR Bloomberg Emerging Markets USD Bond ETF

The SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) is an exchange-traded fund that is based on the Bloomberg Emerging USD Bond Core index. The fund tracks a broad market-value-weighted index of USD-denominated debt issued by sovereign and quasi-sovereign issuers from emerging markets. EMHC was launched on Apr 6, 2021 and is managed by State Street.