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

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,062,137 shares, a drop of 36.6% from the July 30th total of 1,675,718 shares. Based on an average daily volume of 1,910,420 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. First Command Advisory Services Inc. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors bought a new position in SPDR Portfolio Emerging Markets ETF in the first quarter worth $27,000. Safe Harbor Fiduciary LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at $32,000. Robinswood Financial LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the first quarter valued at $32,000. Finally, Front Row Advisors LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 147.9% during the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock valued at $36,000 after buying an additional 460 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 0.2%

Shares of SPEM traded up $0.09 during mid-day trading on Wednesday, reaching $52.77. The company’s stock had a trading volume of 234,239 shares, compared to its average volume of 2,690,741. SPDR Portfolio Emerging Markets ETF has a 52 week low of $44.04 and a 52 week high of $53.54. The stock has a market cap of $17.86 billion, a PE ratio of 15.39 and a beta of 0.60. The company’s fifty day moving average price is $51.53 and its two-hundred day moving average price is $50.60.

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.