Short Interest in SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Drops By 50.0%

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 15,776 shares, a drop of 50.0% from the July 30th total of 31,548 shares. Based on an average daily volume of 24,978 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

SPDR Portfolio Europe ETF Stock Performance

SPEU stock traded down $0.13 on Friday, reaching $56.97. The company had a trading volume of 16,896 shares, compared to its average volume of 61,236. SPDR Portfolio Europe ETF has a 1 year low of $48.00 and a 1 year high of $57.64. The company’s fifty day moving average is $55.76 and its 200 day moving average is $54.60. The company has a market cap of $740.61 million, a P/E ratio of 16.86 and a beta of 0.84.

Hedge Funds Weigh In On SPDR Portfolio Europe ETF

A number of institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC increased its stake in SPDR Portfolio Europe ETF by 389.5% in the second quarter. Jane Street Group LLC now owns 831,260 shares of the company’s stock valued at $40,283,000 after purchasing an additional 661,443 shares during the last quarter. Osaic Holdings Inc. grew its holdings in SPDR Portfolio Europe ETF by 35.1% in the 4th quarter. Osaic Holdings Inc. now owns 603,703 shares of the company’s stock valued at $31,471,000 after buying an additional 156,737 shares during the period. Equitable Holdings Inc. purchased a new stake in SPDR Portfolio Europe ETF in the 2nd quarter valued at about $4,915,000. Citadel Advisors LLC increased its stake in shares of SPDR Portfolio Europe ETF by 594.0% during the 3rd quarter. Citadel Advisors LLC now owns 89,452 shares of the company’s stock valued at $4,456,000 after acquiring an additional 76,563 shares during the last quarter. Finally, Main Management ETF Advisors LLC increased its stake in shares of SPDR Portfolio Europe ETF by 9.2% during the 4th quarter. Main Management ETF Advisors LLC now owns 403,872 shares of the company’s stock valued at $21,054,000 after acquiring an additional 33,972 shares during the last quarter.

About SPDR Portfolio Europe ETF

The SPDR Portfolio Europe ETF (SPEU) is an exchange-traded fund that is based on the STOXX Europe TMI index, a market-cap-weighted index of Western European companies across the market-cap spectrum. SPEU was launched on Oct 15, 2002 and is managed by State Street.