SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Stock Short Interest Climbs 124.6%

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,706,924 shares, an increase of 124.6% from the September 30th total of 759,848 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 1,912,463 shares, the short-interest ratio is presently 0.9 days.

SPDR Portfolio Emerging Markets ETF Stock Down 1.9%

Shares of NYSEARCA:SPEM traded down $0.95 during trading on Friday, reaching $48.47. 4,062,636 shares of the company’s stock traded hands, compared to its average volume of 2,502,190. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The firm has a market cap of $16.12 billion, a PE ratio of 15.39 and a beta of 0.61. The company has a 50-day simple moving average of $51.83 and a 200-day simple moving average of $50.72.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

Hedge funds have recently bought and sold shares of the business. RCW Management LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 2.0% during the 3rd quarter. RCW Management LLC now owns 20,161 shares of the company’s stock valued at $1,044,000 after buying an additional 400 shares in the last quarter. Watershed Private Wealth LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 8.3% in the 3rd quarter. Watershed Private Wealth LLC now owns 13,755 shares of the company’s stock valued at $712,000 after acquiring an additional 1,059 shares during the period. Integrity Alliance LLC. purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth $10,822,000. Integrity Advisory Solutions LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 14.3% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 42,848 shares of the company’s stock worth $2,218,000 after acquiring an additional 5,350 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth $429,000.

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.