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

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) saw 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 trading volume of 87,038 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its stake in SPDR Portfolio Europe ETF by 0.8% in the second quarter. Raymond James Financial Inc. now owns 37,358 shares of the company’s stock valued at $1,810,000 after buying an additional 285 shares during the last quarter. Royal Bank of Canada grew its position in shares of SPDR Portfolio Europe ETF by 8.9% during the first quarter. Royal Bank of Canada now owns 5,325 shares of the company’s stock worth $234,000 after acquiring an additional 437 shares during the last quarter. Paces Ferry Wealth Advisors LLC increased its holdings in shares of SPDR Portfolio Europe ETF by 3.5% in the 4th quarter. Paces Ferry Wealth Advisors LLC now owns 17,745 shares of the company’s stock valued at $925,000 after acquiring an additional 593 shares during the period. Sargent Investment Group LLC increased its holdings in shares of SPDR Portfolio Europe ETF by 6.1% in the 3rd quarter. Sargent Investment Group LLC now owns 10,435 shares of the company’s stock valued at $520,000 after acquiring an additional 600 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its position in SPDR Portfolio Europe ETF by 12.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 5,436 shares of the company’s stock valued at $283,000 after purchasing an additional 601 shares during the last quarter.

SPDR Portfolio Europe ETF Stock Performance

Shares of SPEU stock opened at $49.92 on Friday. The stock’s 50-day moving average is $53.82 and its two-hundred day moving average is $51.84. SPDR Portfolio Europe ETF has a 1 year low of $38.99 and a 1 year high of $56.46. The firm 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 Company Profile

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.