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

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 5,362,024 shares, an increase of 32.4% from the January 15th total of 4,049,784 shares. Based on an average daily trading volume, of 3,379,497 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.6% of the company’s shares are short sold. Currently, 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 3,379,497 shares, the days-to-cover ratio is currently 1.6 days.

SPDR Portfolio Emerging Markets ETF Trading Down 0.1%

NYSEARCA:SPEM opened at $50.26 on Monday. SPDR Portfolio Emerging Markets ETF has a 12 month low of $34.38 and a 12 month high of $51.05. The company has a 50-day moving average price of $48.30 and a 200-day moving average price of $46.90. The stock has a market cap of $16.79 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF

Several hedge funds have recently bought and sold shares of SPEM. First Command Advisory Services Inc. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $26,000. Hantz Financial Services Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 2,031.0% during the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. First Horizon Corp bought a new position in SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $29,000. Front Row Advisors LLC boosted 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 purchasing an additional 460 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. purchased a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $37,000.

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.