SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,706,924 shares, an increase of 124.6% from the September 30th total of 759,848 shares. Based on an average daily trading volume, of 1,912,463 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the company’s shares are short sold.
Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Ascentis Independent Advisors bought a new stake in SPDR Portfolio Emerging Markets ETF in the first quarter valued at $27,000. Robinswood Financial LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at $32,000. Align Financial LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $32,000. Independence Bank of Kentucky purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at $35,000. Finally, Bell Investment Advisors Inc bought a new stake in SPDR Portfolio Emerging Markets ETF in the third quarter worth about $57,000.
SPDR Portfolio Emerging Markets ETF Price Performance
NYSEARCA SPEM traded down $0.95 during mid-day trading on Friday, reaching $48.47. 4,062,636 shares of the stock were exchanged, compared to its average volume of 2,502,190. SPDR Portfolio Emerging Markets ETF has a one year low of $45.28 and a one year high of $53.54. The stock has a 50 day simple moving average of $51.83 and a 200-day simple moving average of $50.72. The stock has a market cap of $16.12 billion, a P/E ratio of 15.39 and a beta of 0.61.
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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