SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Short Interest Down 82.3% in February

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,586,977 shares, a decline of 82.3% from the February 12th total of 8,947,056 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 2,154,366 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 2,154,366 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Command Advisory Services Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth approximately $26,000. Hantz Financial Services Inc. increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 2,031.0% during the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock worth $27,000 after purchasing an additional 589 shares during the period. First Horizon Corp bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the third quarter worth approximately $29,000. Safe Harbor Fiduciary LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $32,000. Finally, Front Row Advisors LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 147.9% during the 3rd quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after purchasing an additional 460 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPDR Portfolio Emerging Markets ETF stock traded down $0.09 during mid-day trading on Wednesday, hitting $48.18. 1,759,907 shares of the company’s stock traded hands, compared to its average volume of 3,579,634. The firm has a 50 day simple moving average of $49.26 and a two-hundred day simple moving average of $47.58. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $34.38 and a fifty-two week high of $51.35. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

SPDR Portfolio Emerging Markets ETF Company Profile

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.