SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 3,083,392 shares, a decline of 49.3% from the June 30th total of 6,077,291 shares. Based on an average trading volume of 2,062,562 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.9% of the company’s shares are sold short.
SPDR Portfolio Emerging Markets ETF Stock Up 2.3%
Shares of SPDR Portfolio Emerging Markets ETF stock traded up $1.14 during trading on Thursday, reaching $50.54. 1,759,415 shares of the stock were exchanged, compared to its average volume of 2,891,097. The stock’s fifty day moving average is $51.53 and its 200 day moving average is $50.14. The firm has a market cap of $17.11 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 1 year low of $42.66 and a 1 year high of $53.54.
Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Command Advisory Services Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at $26,000. Ascentis Independent Advisors bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at about $27,000. Safe Harbor Fiduciary LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at about $32,000. Robinswood Financial LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the first quarter worth about $32,000. Finally, Front Row Advisors LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 147.9% in the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after buying an additional 460 shares during the period.
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.
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