Short Interest in SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM) Declines By 37.6%

SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 11,585 shares, a decrease of 37.6% from the May 14th total of 18,572 shares. Based on an average daily volume of 5,844 shares, the short-interest ratio is presently 2.0 days. Approximately 1.9% of the company’s shares are sold short.

SPDR MSCI Emerging Markets StrategicFactors ETF Stock Performance

Shares of NYSEARCA:QEMM opened at $80.27 on Monday. The business’s 50 day simple moving average is $77.38 and its two-hundred day simple moving average is $71.94. The firm has a market cap of $49.77 million, a P/E ratio of 14.30 and a beta of 0.62. SPDR MSCI Emerging Markets StrategicFactors ETF has a 52-week low of $60.92 and a 52-week high of $82.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in QEMM. Bank of America Corp DE lifted its holdings in shares of SPDR MSCI Emerging Markets StrategicFactors ETF by 5.2% in the second quarter. Bank of America Corp DE now owns 5,377 shares of the company’s stock valued at $339,000 after purchasing an additional 268 shares in the last quarter. Raymond James Financial Inc. bought a new position in SPDR MSCI Emerging Markets StrategicFactors ETF during the 2nd quarter valued at $28,000. O Shaughnessy Asset Management LLC lifted its stake in SPDR MSCI Emerging Markets StrategicFactors ETF by 37.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,224 shares of the company’s stock valued at $147,000 after acquiring an additional 603 shares in the last quarter. Cabot Wealth Management Inc. lifted its stake in SPDR MSCI Emerging Markets StrategicFactors ETF by 10.7% during the 4th quarter. Cabot Wealth Management Inc. now owns 35,075 shares of the company’s stock valued at $2,320,000 after acquiring an additional 3,397 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in SPDR MSCI Emerging Markets StrategicFactors ETF during the 3rd quarter valued at $242,000.

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.