Short Interest in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Decreases By 45.7%

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

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock traded down $0.70 during mid-day trading on Tuesday, hitting $51.73. The company had a trading volume of 1,735,107 shares, compared to its average volume of 2,820,186. The firm has a market cap of $17.51 billion, a PE ratio of 15.39 and a beta of 0.60. The stock’s fifty day moving average price is $51.49 and its two-hundred day moving average price is $50.41. SPDR Portfolio Emerging Markets ETF has a 12 month low of $43.91 and a 12 month high of $53.54.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SPEM. First Command Advisory Services Inc. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $26,000. Ascentis Independent Advisors bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $27,000. Robinswood Financial LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at about $32,000. Safe Harbor Fiduciary LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $32,000. Finally, Front Row Advisors LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 147.9% during the 3rd quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock valued at $36,000 after acquiring an additional 460 shares in 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.