Short Interest in SPDR Bloomberg Emerging Markets USD Bond ETF (NYSEARCA:EMHC) Drops By 16.5%

SPDR Bloomberg Emerging Markets USD Bond ETF (NYSEARCA:EMHC) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 38,565 shares, a decline of 16.5% from the February 12th total of 46,212 shares. Based on an average daily trading volume, of 24,999 shares, the short-interest ratio is presently 1.5 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,999 shares, the short-interest ratio is presently 1.5 days.

SPDR Bloomberg Emerging Markets USD Bond ETF Price Performance

Shares of NYSEARCA EMHC traded up $0.11 during mid-day trading on Monday, reaching $25.05. The company’s stock had a trading volume of 22,047 shares, compared to its average volume of 31,332. SPDR Bloomberg Emerging Markets USD Bond ETF has a 1-year low of $22.84 and a 1-year high of $25.86. The stock has a 50-day moving average of $25.52 and a two-hundred day moving average of $25.44.

SPDR Bloomberg Emerging Markets USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.1184 dividend. This is an increase from SPDR Bloomberg Emerging Markets USD Bond ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Triumph Capital Management purchased a new stake in shares of SPDR Bloomberg Emerging Markets USD Bond ETF in the 3rd quarter valued at $47,000. CWM LLC lifted its position in shares of SPDR Bloomberg Emerging Markets USD Bond ETF by 172.3% during the fourth quarter. CWM LLC now owns 2,644 shares of the company’s stock worth $67,000 after purchasing an additional 1,673 shares in the last quarter. Bank of America Corp DE lifted its position in shares of SPDR Bloomberg Emerging Markets USD Bond ETF by 47.2% during the second quarter. Bank of America Corp DE now owns 3,317 shares of the company’s stock worth $82,000 after purchasing an additional 1,063 shares in the last quarter. Breakwater Investment Management purchased a new position in SPDR Bloomberg Emerging Markets USD Bond ETF in the 4th quarter valued at approximately $115,000. Finally, Sowell Financial Services LLC purchased a new position in SPDR Bloomberg Emerging Markets USD Bond ETF in the fourth quarter valued at $202,000.

About SPDR Bloomberg Emerging Markets USD Bond ETF

The SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) is an exchange-traded fund that is based on the Bloomberg Emerging USD Bond Core index. The fund tracks a broad market-value-weighted index of USD-denominated debt issued by sovereign and quasi-sovereign issuers from emerging markets. EMHC was launched on Apr 6, 2021 and is managed by State Street.