SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 3,083,392 shares, a decline of 49.3% from the June 30th total of 6,077,291 shares. Based on an average daily trading volume, of 2,062,562 shares, the short-interest ratio is presently 1.5 days. Currently, 0.9% of the company’s stock are sold short.
SPDR Portfolio Emerging Markets ETF Stock Performance
SPDR Portfolio Emerging Markets ETF stock traded down $0.76 during mid-day trading on Tuesday, reaching $49.79. The stock had a trading volume of 143,323 shares, compared to its average volume of 2,896,750. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $42.66 and a fifty-two week high of $53.54. The stock’s 50-day simple moving average is $51.57 and its 200-day simple moving average is $50.12. The firm has a market capitalization of $16.85 billion, a PE ratio of 15.39 and a beta of 0.60.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. First Command Advisory Services Inc. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $26,000. Ascentis Independent Advisors bought a new position in SPDR Portfolio Emerging Markets ETF in the 1st quarter valued at about $27,000. Safe Harbor Fiduciary LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $32,000. Robinswood Financial LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at about $32,000. Finally, Front Row Advisors LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 147.9% during the 3rd quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock valued at $36,000 after purchasing an additional 460 shares during the last quarter.
SPDR Portfolio Emerging Markets ETF Company Profile
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.
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