Short Interest in SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Expands By 286.9%

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 43,949 shares, a growth of 286.9% from the February 26th total of 11,360 shares. Based on an average daily volume of 87,038 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

SPDR Portfolio Europe ETF Trading Down 1.9%

Shares of SPDR Portfolio Europe ETF stock traded down $0.97 on Thursday, hitting $49.92. The stock had a trading volume of 37,637 shares, compared to its average volume of 101,521. The stock has a market cap of $703.87 million, a price-to-earnings ratio of 16.86 and a beta of 0.94. SPDR Portfolio Europe ETF has a 52-week low of $38.99 and a 52-week high of $56.46. The company’s 50 day moving average price is $53.82 and its 200 day moving average price is $51.84.

Institutional Investors Weigh In On SPDR Portfolio Europe ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPEU. International Assets Investment Management LLC purchased a new position in shares of SPDR Portfolio Europe ETF during the fourth quarter worth approximately $47,000. JPMorgan Chase & Co. raised its position in SPDR Portfolio Europe ETF by 460.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,294 shares of the company’s stock valued at $64,000 after purchasing an additional 1,063 shares during the last quarter. Painted Porch Advisors LLC acquired a new stake in SPDR Portfolio Europe ETF during the 3rd quarter worth $89,000. Flagship Harbor Advisors LLC purchased a new position in SPDR Portfolio Europe ETF during the 4th quarter worth $111,000. Finally, Cornerstone Planning Group LLC purchased a new position in SPDR Portfolio Europe ETF during the 4th quarter worth $124,000.

About SPDR Portfolio Europe ETF

The SPDR Portfolio Europe ETF (SPEU) is an exchange-traded fund that is based on the STOXX Europe TMI index, a market-cap-weighted index of Western European companies across the market-cap spectrum. SPEU was launched on Oct 15, 2002 and is managed by State Street.