SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Get Free Report) was the target of a significant decline in short interest during 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 daily volume of 2,062,562 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.9% of the company’s stock are short sold.
SPDR Portfolio Emerging Markets ETF Price Performance
Shares of NYSEARCA SPEM traded down $0.76 during midday trading on Tuesday, reaching $49.79. The company’s stock had a trading volume of 143,323 shares, compared to its average volume of 2,896,750. The firm has a 50 day moving average price of $51.57 and a 200-day moving average price of $50.12. The stock has a market capitalization of $16.85 billion, a P/E ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 12-month low of $42.66 and a 12-month high of $53.54.
Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Command Advisory Services Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $26,000. Ascentis Independent Advisors purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth approximately $27,000. Robinswood Financial LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter worth approximately $32,000. Safe Harbor Fiduciary LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $32,000. Finally, Front Row Advisors LLC lifted its stake 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 valued at $36,000 after purchasing an additional 460 shares during 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.
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