SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sees Large Decline in Short Interest

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,675,718 shares, a drop of 45.7% from the July 15th total of 3,083,392 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 2,168,849 shares, the days-to-cover ratio is presently 0.8 days.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM opened at $51.73 on Wednesday. The firm has a 50 day simple moving average of $51.50 and a two-hundred day simple moving average of $50.42. SPDR Portfolio Emerging Markets ETF has a one year low of $43.91 and a one year high of $53.54. The company has a market cap of $17.51 billion, a P/E ratio of 15.39 and a beta of 0.60.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

A number of institutional investors have recently modified their holdings of the business. First Command Advisory Services Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $26,000. Ascentis Independent Advisors acquired a new position in SPDR Portfolio Emerging Markets ETF during the first quarter worth about $27,000. Robinswood Financial LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the first quarter worth about $32,000. Safe Harbor Fiduciary LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $32,000. Finally, Front Row Advisors LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 147.9% in the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 460 shares during the last quarter.

About SPDR Portfolio Emerging Markets ETF

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.