SPDR Portfolio Emerging Markets ETF (SPEM) Short Interest Down 88.4% in December

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SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 87,729 shares, a drop of 88.4% from the December 14th total of 758,010 shares. Based on an average daily trading volume, of 1,437,532 shares, the days-to-cover ratio is presently 0.1 days.

SPEM stock opened at $34.40 on Friday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $30.94 and a 1 year high of $42.47.

The business also recently announced a semiannual dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 26th were paid a $0.4349 dividend. This represents a yield of 2.76%. This is a boost from SPDR Portfolio Emerging Markets ETF’s previous semiannual dividend of $0.32. The ex-dividend date of this dividend was Monday, December 24th.

A number of hedge funds have recently bought and sold shares of SPEM. Comprehensive Portfolio Management LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 2,139.4% in the fourth quarter. Comprehensive Portfolio Management LLC now owns 440,353 shares of the company’s stock valued at $14,250,000 after buying an additional 420,689 shares during the last quarter. Hanson McClain Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 48.3% during the third quarter. Hanson McClain Inc. now owns 1,250,568 shares of the company’s stock valued at $43,557,000 after purchasing an additional 407,455 shares in the last quarter. Boston Standard Wealth Management LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at about $6,727,000. Gradient Investments LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 18.7% during the fourth quarter. Gradient Investments LLC now owns 813,724 shares of the company’s stock valued at $26,332,000 after purchasing an additional 128,185 shares in the last quarter. Finally, Affiance Financial LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at about $3,977,000.

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