SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM) Sees Significant Increase in Short Interest

SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 9,310 shares, a growth of 92.4% from the October 15th total of 4,838 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 3,079 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Trading of SPDR MSCI Emerging Markets StrategicFactors ETF

A number of hedge funds have recently bought and sold shares of QEMM. Cabot Wealth Management Inc. purchased a new position in SPDR MSCI Emerging Markets StrategicFactors ETF in the third quarter worth about $5,922,000. Ethic Inc. grew its stake in shares of SPDR MSCI Emerging Markets StrategicFactors ETF by 54.0% during the 3rd quarter. Ethic Inc. now owns 8,896 shares of the company’s stock valued at $715,000 after purchasing an additional 3,118 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of SPDR MSCI Emerging Markets StrategicFactors ETF during the 3rd quarter valued at about $361,000. DWM Financial Group Inc. purchased a new stake in shares of SPDR MSCI Emerging Markets StrategicFactors ETF during the 3rd quarter valued at about $711,000. Finally, Aspiriant LLC purchased a new stake in shares of SPDR MSCI Emerging Markets StrategicFactors ETF during the 3rd quarter valued at about $966,000.

SPDR MSCI Emerging Markets StrategicFactors ETF Stock Performance

Shares of QEMM stock traded up $0.21 on Friday, reaching $75.90. The stock had a trading volume of 1,611 shares, compared to its average volume of 3,448. The stock has a market cap of $55.41 million, a P/E ratio of 13.59 and a beta of 0.66. SPDR MSCI Emerging Markets StrategicFactors ETF has a 1 year low of $63.92 and a 1 year high of $83.21. The company has a 50 day simple moving average of $79.24 and a 200 day simple moving average of $77.07.

About SPDR MSCI Emerging Markets StrategicFactors ETF

The SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) is an exchange-traded fund that is based on the MSCI EM Factor Mix A-Series (USD) index. The fund tracks an index of emerging-market securities equally-weighted between 3 sub-indexes that focus on value, minimum volatility and quality. QEMM was launched on Jun 4, 2014 and is managed by State Street.