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 during the month of August. As of August 15th, there was short interest totaling 6,900,000 shares, agrowthof59.4% from the July 31st total of 4,330,000 shares. Based on an average daily volume of 1,584,000 shares, the days-to-cover ratio is currently 4.4 days. Based on an average daily volume of 1,584,000 shares, the days-to-cover ratio is currently 4.4 days.

Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Knuff & Co LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the first quarter worth $29,000. Brooklyn Investment Group purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $32,000. Sachetta LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 2,263.9% in the 2nd quarter. Sachetta LLC now owns 851 shares of the company’s stock valued at $36,000 after purchasing an additional 815 shares during the last quarter. Webster Bank N. A. acquired a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $40,000. Finally, Wayfinding Financial LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the 1st quarter valued at about $36,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $44.82 on Friday. The company has a 50 day simple moving average of $43.76 and a 200-day simple moving average of $41.35. The company has a market capitalization of $13.04 billion, a P/E ratio of 15.39 and a beta of 0.68. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $45.06.

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.