SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Short Interest Update
by Amy Steele · The Cerbat GemSPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,675,718 shares, a decline of 45.7% from the July 15th total of 3,083,392 shares. Based on an average trading volume of 2,168,849 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s shares are sold short.
Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF
Several institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in SPDR Portfolio Emerging Markets ETF by 20.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock valued at $743,082,000 after buying an additional 2,653,013 shares in the last quarter. LPL Financial LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 12.7% in the 4th quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock worth $729,630,000 after purchasing an additional 1,758,866 shares in the last quarter. HighTower Advisors LLC grew its position in SPDR Portfolio Emerging Markets ETF by 51.5% during the 4th quarter. HighTower Advisors LLC now owns 2,626,206 shares of the company’s stock valued at $122,933,000 after purchasing an additional 893,023 shares during the last quarter. State Street Corp grew its position in SPDR Portfolio Emerging Markets ETF by 23.1% during the 4th quarter. State Street Corp now owns 4,419,838 shares of the company’s stock valued at $206,893,000 after purchasing an additional 830,465 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in SPDR Portfolio Emerging Markets ETF by 54.2% during the 3rd quarter. Bank of America Corp DE now owns 2,300,860 shares of the company’s stock valued at $107,703,000 after purchasing an additional 809,020 shares in the last quarter.
SPDR Portfolio Emerging Markets ETF Stock Up 0.5%
Shares of SPDR Portfolio Emerging Markets ETF stock traded up $0.25 during trading on Monday, reaching $52.43. 1,510,538 shares of the stock were exchanged, compared to its average volume of 2,827,141. The stock’s fifty day moving average is $51.49 and its 200 day moving average is $50.41. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 1 year low of $43.91 and a 1 year high of $53.54.
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.