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

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 8,947,056 shares, a growth of 66.9% from the January 29th total of 5,362,024 shares. Approximately 2.7% of the company’s stock are sold short. Based on an average daily volume of 3,691,548 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily volume of 3,691,548 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.7% of the company’s stock are sold short.

Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SPEM. Charles Schwab Investment Management Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 6,487.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 10,916,062 shares of the company’s stock valued at $466,552,000 after acquiring an additional 10,750,340 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $128,313,000. Allworth Financial LP boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 38.5% in the 3rd quarter. Allworth Financial LP now owns 9,261,432 shares of the company’s stock valued at $433,528,000 after purchasing an additional 2,572,333 shares during the period. LPL Financial LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 12.7% in the 4th quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock valued at $729,630,000 after purchasing an additional 1,758,866 shares during the period. Finally, NorthRock Partners LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 38,107.1% during the 3rd quarter. NorthRock Partners LLC now owns 1,106,095 shares of the company’s stock worth $51,776,000 after buying an additional 1,103,200 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.3%

SPDR Portfolio Emerging Markets ETF stock traded down $0.16 during mid-day trading on Friday, hitting $50.51. The company had a trading volume of 1,956,398 shares, compared to its average volume of 3,140,562. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $51.35. The business has a fifty day moving average of $49.06 and a 200 day moving average of $47.37. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

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.