SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM) Stock Short Interest Declines 45.5%

SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 8,203 shares, a drop of 45.5% from the September 15th total of 15,042 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 3,416 shares, the short-interest ratio is currently 2.4 days.

SPDR MSCI Emerging Markets StrategicFactors ETF Trading Down 0.5%

Shares of QEMM stock traded down $0.42 during mid-day trading on Friday, reaching $78.38. The stock had a trading volume of 8,112 shares, compared to its average volume of 3,575. The business’s fifty day moving average is $81.21 and its 200-day moving average is $78.93. The firm has a market cap of $58.78 million, a price-to-earnings ratio of 14.30 and a beta of 0.63. SPDR MSCI Emerging Markets StrategicFactors ETF has a 1-year low of $63.92 and a 1-year high of $83.21.

Hedge Funds Weigh In On SPDR MSCI Emerging Markets StrategicFactors ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Aspiriant LLC acquired a new stake in shares of SPDR MSCI Emerging Markets StrategicFactors ETF in the third quarter valued at about $966,000. Integrated Wealth Concepts LLC purchased a new stake in shares of SPDR MSCI Emerging Markets StrategicFactors ETF during the second quarter worth about $27,000. Premier Path Wealth Partners LLC increased its stake in shares of SPDR MSCI Emerging Markets StrategicFactors ETF by 12.8% during the second quarter. Premier Path Wealth Partners LLC now owns 44,797 shares of the company’s stock worth $3,580,000 after purchasing an additional 5,084 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in shares of SPDR MSCI Emerging Markets StrategicFactors ETF by 52.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 11,862 shares of the company’s stock worth $823,000 after purchasing an additional 4,101 shares during the last quarter. Finally, Virtu Financial LLC raised its position in shares of SPDR MSCI Emerging Markets StrategicFactors ETF by 29.2% during the 4th quarter. Virtu Financial LLC now owns 17,783 shares of the company’s stock worth $1,176,000 after purchasing an additional 4,023 shares during the last quarter.

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.