Short Interest in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Drops By 49.6%

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 831,579 shares, a decrease of 49.6% from the December 15th total of 1,651,355 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 2,220,452 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 2,220,452 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM traded down $0.28 during mid-day trading on Friday, reaching $48.69. 3,918,691 shares of the company’s stock were exchanged, compared to its average volume of 3,300,208. The firm has a 50-day moving average price of $47.22 and a two-hundred day moving average price of $45.99. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $49.19.

Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF

Several institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its position in shares of SPDR Portfolio Emerging Markets ETF by 2,031.0% in the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. First Horizon Corp purchased a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at approximately $29,000. Sachetta LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 2,263.9% during the 2nd quarter. Sachetta LLC now owns 851 shares of the company’s stock valued at $36,000 after acquiring an additional 815 shares during the period. Front Row Advisors LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 147.9% during the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 460 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth $40,000.

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.