SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Sees Significant Growth in Short Interest

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 33,542 shares, an increase of 57.2% from the November 30th total of 21,333 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 49,605 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 49,605 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are sold short.

SPDR Portfolio Europe ETF Stock Performance

NYSEARCA:SPEU opened at $52.30 on Monday. SPDR Portfolio Europe ETF has a 52-week low of $38.99 and a 52-week high of $52.34. The stock has a fifty day moving average of $50.75 and a 200 day moving average of $49.59. The firm has a market capitalization of $737.43 million, a price-to-earnings ratio of 16.86 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. GPS Wealth Strategies Group LLC raised its stake in SPDR Portfolio Europe ETF by 45.8% in the second quarter. GPS Wealth Strategies Group LLC now owns 917 shares of the company’s stock valued at $44,000 after purchasing an additional 288 shares in the last quarter. Garde Capital Inc. increased its holdings in shares of SPDR Portfolio Europe ETF by 28.8% in the 2nd quarter. Garde Capital Inc. now owns 993 shares of the company’s stock worth $48,000 after buying an additional 222 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of SPDR Portfolio Europe ETF by 460.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,294 shares of the company’s stock valued at $64,000 after buying an additional 1,063 shares in the last quarter. Painted Porch Advisors LLC purchased a new stake in shares of SPDR Portfolio Europe ETF during the 3rd quarter valued at $89,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of SPDR Portfolio Europe ETF by 305.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,363 shares of the company’s stock worth $148,000 after acquiring an additional 2,533 shares during the last quarter.

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.