SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sees Significant Increase in Short Interest

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 8,947,056 shares, a growth of 66.9% from the January 29th total of 5,362,024 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily volume of 3,691,548 shares, the short-interest ratio is presently 2.4 days. Based on an average daily volume of 3,691,548 shares, the short-interest ratio is presently 2.4 days. Currently, 2.7% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF

Large investors have recently modified their holdings of the company. Paces Ferry Wealth Advisors LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 4.1% during the 4th quarter. Paces Ferry Wealth Advisors LLC now owns 5,051 shares of the company’s stock worth $236,000 after purchasing an additional 200 shares during the last quarter. Mascagni Wealth Management Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 4.8% during the 4th quarter. Mascagni Wealth Management Inc. now owns 4,499 shares of the company’s stock worth $211,000 after buying an additional 207 shares during the last quarter. River Street Advisors LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 1.8% during the 4th quarter. River Street Advisors LLC now owns 12,122 shares of the company’s stock worth $567,000 after buying an additional 209 shares during the last quarter. Ritholtz Wealth Management boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.1% during the 3rd quarter. Ritholtz Wealth Management now owns 19,379 shares of the company’s stock worth $907,000 after acquiring an additional 210 shares in the last quarter. Finally, Kraft Davis & Associates LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 4.5% in the 4th quarter. Kraft Davis & Associates LLC now owns 4,934 shares of the company’s stock valued at $240,000 after acquiring an additional 213 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock traded down $0.16 during trading hours on Friday, reaching $50.51. 1,956,398 shares of the stock were exchanged, compared to its average volume of 3,140,562. The business’s fifty day moving average is $49.06 and its two-hundred day moving average is $47.37. SPDR Portfolio Emerging Markets ETF has a 12-month low of $34.38 and a 12-month high of $51.35. The firm has a market capitalization of $16.87 billion, a P/E ratio of 15.39 and a beta of 0.56.

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.