SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sees Large Growth in Short Interest

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 7,053,002 shares, a growth of 344.4% from the February 26th total of 1,586,977 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily volume of 5,260,613 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 5,260,613 shares, the short-interest ratio is currently 1.3 days. Approximately 2.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

Several hedge funds have recently bought and sold shares of the company. Paces Ferry Wealth Advisors LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 4.1% in the 4th quarter. Paces Ferry Wealth Advisors LLC now owns 5,051 shares of the company’s stock worth $236,000 after purchasing an additional 200 shares in the last quarter. Mascagni Wealth Management Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 4.8% in the fourth quarter. Mascagni Wealth Management Inc. now owns 4,499 shares of the company’s stock worth $211,000 after purchasing an additional 207 shares during the period. River Street Advisors LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 1.8% in the fourth quarter. River Street Advisors LLC now owns 12,122 shares of the company’s stock worth $567,000 after buying an additional 209 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of SPDR Portfolio Emerging Markets ETF by 1.1% in the third quarter. Ritholtz Wealth Management now owns 19,379 shares of the company’s stock worth $907,000 after buying an additional 210 shares in the last quarter. Finally, Kraft Davis & Associates LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 4.5% during the fourth quarter. Kraft Davis & Associates LLC now owns 4,934 shares of the company’s stock valued at $240,000 after buying an additional 213 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Down 0.9%

SPEM stock opened at $46.19 on Wednesday. The firm has a market capitalization of $15.43 billion, a PE ratio of 15.39 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a twelve month low of $34.38 and a twelve month high of $51.35. The stock has a 50-day simple moving average of $49.07 and a two-hundred day simple moving average of $47.75.

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.