Short Interest in SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Declines By 50.0%

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 15,776 shares, a decrease of 50.0% from the July 30th total of 31,548 shares. Based on an average trading volume of 24,978 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

SPDR Portfolio Europe ETF Stock Performance

NYSEARCA SPEU traded down $0.13 on Friday, reaching $56.97. The stock had a trading volume of 16,896 shares, compared to its average volume of 61,236. The business’s 50-day moving average price is $55.76 and its 200 day moving average price is $54.61. The stock has a market cap of $740.61 million, a P/E ratio of 16.86 and a beta of 0.84. SPDR Portfolio Europe ETF has a 12-month low of $48.00 and a 12-month high of $57.64.

Institutional Investors Weigh In On SPDR Portfolio Europe ETF

Several hedge funds have recently made changes to their positions in the business. Concurrent Investment Advisors LLC acquired a new position in SPDR Portfolio Europe ETF in the 2nd quarter valued at about $296,000. Accel Wealth Management grew its stake in shares of SPDR Portfolio Europe ETF by 3.0% in the 2nd quarter. Accel Wealth Management now owns 17,792 shares of the company’s stock valued at $976,000 after purchasing an additional 516 shares during the last quarter. Bank of America Corp DE grew its stake in shares of SPDR Portfolio Europe ETF by 0.6% in the 1st quarter. Bank of America Corp DE now owns 292,936 shares of the company’s stock valued at $15,010,000 after purchasing an additional 1,611 shares during the last quarter. Bank of Nova Scotia purchased a new stake in shares of SPDR Portfolio Europe ETF during the first quarter worth approximately $433,000. Finally, Cetera Investment Advisers lifted its holdings in shares of SPDR Portfolio Europe ETF by 13.5% during the first quarter. Cetera Investment Advisers now owns 73,168 shares of the company’s stock worth $3,749,000 after purchasing an additional 8,712 shares during the period.

SPDR Portfolio Europe ETF Company Profile

The SPDR Portfolio Europe ETF (SPEU) is an exchange-traded fund that is based on the STOXX Europe TMI index, a market-cap-weighted index of Western European companies across the market-cap spectrum. SPEU was launched on Oct 15, 2002 and is managed by State Street.