SPDR Bloomberg Emerging Markets USD Bond ETF (NYSEARCA:EMHC) Sees Significant Drop in Short Interest

SPDR Bloomberg Emerging Markets USD Bond ETF (NYSEARCA:EMHC) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 18,687 shares, a decrease of 58.7% from the August 31st total of 45,279 shares. Based on an average daily trading volume, of 57,034 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. KWB Wealth lifted its holdings in shares of SPDR Bloomberg Emerging Markets USD Bond ETF by 170.9% in the second quarter. KWB Wealth now owns 76,244 shares of the company’s stock valued at $1,940,000 after buying an additional 48,102 shares during the period. WealthPoint Financial LLC acquired a new stake in SPDR Bloomberg Emerging Markets USD Bond ETF during the fourth quarter valued at approximately $645,000. Hibernia Wealth Partners LLC boosted its holdings in SPDR Bloomberg Emerging Markets USD Bond ETF by 100.8% during the fourth quarter. Hibernia Wealth Partners LLC now owns 112,554 shares of the company’s stock worth $2,865,000 after buying an additional 56,513 shares in the last quarter. Landmark Wealth Management Inc. grew its position in SPDR Bloomberg Emerging Markets USD Bond ETF by 1.7% in the fourth quarter. Landmark Wealth Management Inc. now owns 92,897 shares of the company’s stock worth $2,365,000 after buying an additional 1,558 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in SPDR Bloomberg Emerging Markets USD Bond ETF by 9.3% in the fourth quarter. HighTower Advisors LLC now owns 72,946 shares of the company’s stock worth $1,857,000 after buying an additional 6,236 shares during the last quarter.

SPDR Bloomberg Emerging Markets USD Bond ETF Trading Down 0.9%

NYSEARCA:EMHC traded down $0.21 during trading hours on Monday, reaching $24.01. 33,945 shares of the stock were exchanged, compared to its average volume of 41,981. The firm has a 50 day simple moving average of $24.82 and a 200-day simple moving average of $25.06. SPDR Bloomberg Emerging Markets USD Bond ETF has a 52 week low of $23.94 and a 52 week high of $25.86.

About SPDR Bloomberg Emerging Markets USD Bond ETF

The SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) is an exchange-traded fund that is based on the Bloomberg Emerging USD Bond Core index. The fund tracks a broad market-value-weighted index of USD-denominated debt issued by sovereign and quasi-sovereign issuers from emerging markets. EMHC was launched on Apr 6, 2021 and is managed by State Street.