SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Stock Short Interest Climbs 124.6%

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,706,924 shares, an increase of 124.6% from the September 30th total of 759,848 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 1,912,463 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.7% during the 2nd quarter. State Street Corp now owns 5,231,398 shares of the company’s stock worth $270,882,000 after purchasing an additional 329,626 shares during the period. Vantagepoint Investment Advisers LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at approximately $130,375,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 12.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock valued at $109,932,000 after purchasing an additional 237,526 shares during the period. Royal Bank of Canada lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 8.1% in the 1st quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock valued at $54,194,000 after purchasing an additional 86,967 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 8.1% during the first quarter. Private Advisor Group LLC now owns 1,119,846 shares of the company’s stock worth $52,532,000 after buying an additional 83,733 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 1.9%

NYSEARCA SPEM traded down $0.95 during trading hours on Friday, hitting $48.47. 4,062,636 shares of the company were exchanged, compared to its average volume of 2,502,190. The stock has a 50-day moving average price of $51.83 and a 200 day moving average price of $50.72. SPDR Portfolio Emerging Markets ETF has a 52 week low of $45.28 and a 52 week high of $53.54. The stock has a market cap of $16.12 billion, a PE ratio of 15.39 and a beta of 0.61.

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.