SPDR Bloomberg Emerging Markets USD Bond ETF (NYSEARCA:EMHC) Sees Significant Growth in Short Interest

SPDR Bloomberg Emerging Markets USD Bond ETF (NYSEARCA:EMHC) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 35,749 shares, a growth of 124.3% from the March 31st total of 15,938 shares. Based on an average daily volume of 36,197 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On SPDR Bloomberg Emerging Markets USD Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Austin Private Wealth LLC raised its stake in SPDR Bloomberg Emerging Markets USD Bond ETF by 9.6% in the 4th quarter. Austin Private Wealth LLC now owns 332,887 shares of the company’s stock worth $8,475,000 after acquiring an additional 29,162 shares during the last quarter. Valtinson Bruner Financial Planning LLC purchased a new position in SPDR Bloomberg Emerging Markets USD Bond ETF in the 3rd quarter worth $1,512,000. Envestnet Portfolio Solutions Inc. raised its stake in SPDR Bloomberg Emerging Markets USD Bond ETF by 13.7% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 519,243 shares of the company’s stock worth $13,081,000 after acquiring an additional 62,418 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in SPDR Bloomberg Emerging Markets USD Bond ETF by 17.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 560,232 shares of the company’s stock worth $14,114,000 after acquiring an additional 82,362 shares during the last quarter. Finally, Strategic Investment Advisors MI acquired a new position in SPDR Bloomberg Emerging Markets USD Bond ETF during the third quarter valued at $814,000.

SPDR Bloomberg Emerging Markets USD Bond ETF Price Performance

NYSEARCA EMHC traded up $0.03 on Friday, hitting $25.38. The stock had a trading volume of 25,835 shares, compared to its average volume of 32,708. The business’s fifty day moving average price is $25.24 and its 200 day moving average price is $25.42. SPDR Bloomberg Emerging Markets USD Bond ETF has a 52-week low of $23.76 and a 52-week high of $25.86.

SPDR Bloomberg Emerging Markets USD Bond ETF Company Profile

The SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) is an exchange-traded fund that is based on the Bloomberg Emerging USD Bond Core index. The fund tracks a broad market-value-weighted index of USD-denominated debt issued by sovereign and quasi-sovereign issuers from emerging markets. EMHC was launched on Apr 6, 2021 and is managed by State Street.