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

SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 11,585 shares, a decline 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 currently 2.0 days. Approximately 1.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of SPDR MSCI Emerging Markets StrategicFactors ETF by 5.2% in the 2nd quarter. Bank of America Corp DE now owns 5,377 shares of the company’s stock worth $339,000 after purchasing an additional 268 shares during the period. Raymond James Financial Inc. bought a new position in SPDR MSCI Emerging Markets StrategicFactors ETF during the second quarter valued at $28,000. O Shaughnessy Asset Management LLC grew its holdings in SPDR MSCI Emerging Markets StrategicFactors ETF by 37.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,224 shares of the company’s stock valued at $147,000 after purchasing an additional 603 shares during the period. Cabot Wealth Management Inc. grew its holdings in SPDR MSCI Emerging Markets StrategicFactors ETF by 10.7% during the fourth quarter. Cabot Wealth Management Inc. now owns 35,075 shares of the company’s stock valued at $2,320,000 after purchasing an additional 3,397 shares during the period. Finally, Susquehanna International Group LLP bought a new position in SPDR MSCI Emerging Markets StrategicFactors ETF during the third quarter valued at $242,000.

SPDR MSCI Emerging Markets StrategicFactors ETF Price Performance

Shares of NYSEARCA:QEMM opened at $80.27 on Monday. SPDR MSCI Emerging Markets StrategicFactors ETF has a 1 year low of $60.92 and a 1 year high of $82.23. The company has a market capitalization of $49.77 million, a PE ratio of 14.30 and a beta of 0.62. The business has a fifty day moving average price of $77.38 and a two-hundred day moving average price of $71.94.

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.