Short Interest in SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM) Grows By 48.8%

SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 12,656 shares, an increase of 48.8% from the December 31st total of 8,508 shares. Based on an average daily volume of 4,576 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.0% of the company’s stock are short sold. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 4,576 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Investors Weigh In On SPDR MSCI Emerging Markets StrategicFactors ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in SPDR MSCI Emerging Markets StrategicFactors ETF by 5.2% during the second quarter. Bank of America Corp DE now owns 5,377 shares of the company’s stock worth $339,000 after acquiring an additional 268 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR MSCI Emerging Markets StrategicFactors ETF in the second quarter valued at $28,000. Cabot Wealth Management Inc. raised its holdings in SPDR MSCI Emerging Markets StrategicFactors ETF by 2.5% in the 2nd quarter. Cabot Wealth Management Inc. now owns 28,364 shares of the company’s stock valued at $1,788,000 after acquiring an additional 692 shares during the period. Premier Path Wealth Partners LLC increased its stake in shares of SPDR MSCI Emerging Markets StrategicFactors ETF by 1.8% during the third quarter. Premier Path Wealth Partners LLC now owns 47,115 shares of the company’s stock worth $3,123,000 after purchasing an additional 829 shares during the period. Finally, Portland Financial Advisors Inc bought a new position in SPDR MSCI Emerging Markets StrategicFactors ETF during the 3rd quarter worth $201,000.

SPDR MSCI Emerging Markets StrategicFactors ETF Stock Down 1.8%

Shares of QEMM stock opened at $70.55 on Friday. The company has a market capitalization of $43.74 million, a price-to-earnings ratio of 14.30 and a beta of 0.57. SPDR MSCI Emerging Markets StrategicFactors ETF has a 12-month low of $51.72 and a 12-month high of $72.82. The firm has a fifty day moving average of $67.15 and a 200-day moving average of $66.33.

SPDR MSCI Emerging Markets StrategicFactors ETF Company Profile

The SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) is an exchange-traded fund that is based on the MSCI EM Factor Mix A-Series (USD) index. The fund tracks an index of emerging-market securities equally-weighted between 3 sub-indexes that focus on value, minimum volatility and quality. QEMM was launched on Jun 4, 2014 and is managed by State Street.