SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sees Significant Growth in Short Interest

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,053,002 shares, an increase of 344.4% from the February 26th total of 1,586,977 shares. Based on an average daily volume of 5,260,613 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.1% of the company’s shares are sold short.

SPDR Portfolio Emerging Markets ETF Stock Down 2.7%

Shares of NYSEARCA:SPEM traded down $1.25 during midday trading on Thursday, reaching $45.90. The company’s stock had a trading volume of 2,378,000 shares, compared to its average volume of 3,661,162. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56. The business has a 50 day moving average price of $48.98 and a 200 day moving average price of $47.74. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $51.35.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPEM. Rockefeller Capital Management L.P. increased its stake in SPDR Portfolio Emerging Markets ETF by 6.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 421,980 shares of the company’s stock worth $19,753,000 after acquiring an additional 26,071 shares during the last quarter. World Investment Advisors lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 61.1% in the 4th quarter. World Investment Advisors now owns 54,192 shares of the company’s stock valued at $2,537,000 after purchasing an additional 20,552 shares in the last quarter. Vericrest Private Wealth purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $1,009,000. Corient Private Wealth LLC increased its position in SPDR Portfolio Emerging Markets ETF by 16.5% during the 4th quarter. Corient Private Wealth LLC now owns 1,319,880 shares of the company’s stock worth $61,784,000 after purchasing an additional 187,095 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $279,000.

SPDR Portfolio Emerging Markets ETF Company Profile

The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that is based on the S&P Emerging Markets BMI index. The fund tracks an index of emerging markets companies weighted by market cap. SPEM was launched on Mar 19, 2007 and is managed by State Street.