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

SPDR Bloomberg Emerging Markets USD Bond ETF (NYSEARCA:EMHC) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 46,315 shares, a decline of 50.5% from the July 30th total of 93,519 shares. Based on an average daily volume of 41,909 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the shares of the stock are short sold.

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

Several hedge funds have recently modified their holdings of the stock. Signature Equity Partners LLC bought a new position in shares of SPDR Bloomberg Emerging Markets USD Bond ETF during the first quarter worth $33,000. Triumph Capital Management bought a new position in SPDR Bloomberg Emerging Markets USD Bond ETF during the third quarter valued at approximately $47,000. CWM LLC boosted its stake in SPDR Bloomberg Emerging Markets USD Bond ETF by 172.3% during the fourth quarter. CWM LLC now owns 2,644 shares of the company’s stock valued at $67,000 after buying an additional 1,673 shares during the last quarter. Bank of America Corp DE grew its holdings in SPDR Bloomberg Emerging Markets USD Bond ETF by 47.2% during the 2nd quarter. Bank of America Corp DE now owns 3,317 shares of the company’s stock valued at $82,000 after buying an additional 1,063 shares in the last quarter. Finally, Breakwater Investment Management purchased a new position in SPDR Bloomberg Emerging Markets USD Bond ETF during the 4th quarter valued at approximately $115,000.

SPDR Bloomberg Emerging Markets USD Bond ETF Trading Down 0.3%

EMHC stock traded down $0.07 during midday trading on Friday, hitting $24.93. The company’s stock had a trading volume of 36,402 shares, compared to its average volume of 41,145. SPDR Bloomberg Emerging Markets USD Bond ETF has a 12 month low of $24.54 and a 12 month high of $25.86. The company has a 50 day moving average of $25.10 and a two-hundred day moving average of $25.21.

About SPDR Bloomberg Emerging Markets USD Bond ETF

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.