SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Short Interest Down 36.6% in August

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,062,137 shares, a decline of 36.6% from the July 30th total of 1,675,718 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,910,420 shares, the short-interest ratio is currently 0.6 days.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM traded up $0.09 during trading on Tuesday, hitting $52.68. 850,727 shares of the stock were exchanged, compared to its average volume of 2,705,594. The firm has a 50 day simple moving average of $51.51 and a 200 day simple moving average of $50.59. The firm has a market cap of $17.83 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 1 year low of $43.91 and a 1 year high of $53.54.

Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 20.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock valued at $743,082,000 after acquiring an additional 2,653,013 shares during the period. LPL Financial LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 12.7% in the fourth quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock valued at $729,630,000 after purchasing an additional 1,758,866 shares in the last quarter. Allworth Financial LP lifted its position in SPDR Portfolio Emerging Markets ETF by 1.0% during the fourth quarter. Allworth Financial LP now owns 9,355,461 shares of the company’s stock worth $437,929,000 after buying an additional 94,029 shares in the last quarter. Morgan Stanley boosted its stake in SPDR Portfolio Emerging Markets ETF by 9.8% during the fourth quarter. Morgan Stanley now owns 6,997,855 shares of the company’s stock worth $327,570,000 after buying an additional 622,595 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 5.5% during the second quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock worth $228,232,000 after buying an additional 279,126 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.