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

SPDR Bloomberg Emerging Markets USD Bond ETF (NYSEARCA:EMHC) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 100,938 shares, a decline of 69.8% from the June 30th total of 334,182 shares. Based on an average daily volume of 43,587 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.9% of the shares of the company are short sold.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signature Equity Partners LLC purchased a new stake in SPDR Bloomberg Emerging Markets USD Bond ETF in the 1st quarter valued at approximately $33,000. Triumph Capital Management acquired a new position in shares of SPDR Bloomberg Emerging Markets USD Bond ETF in the 3rd quarter valued at $47,000. CWM LLC grew its position 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 acquiring an additional 1,673 shares during the period. Bank of America Corp DE raised its holdings in SPDR Bloomberg Emerging Markets USD Bond ETF by 47.2% in the second 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 during the period. Finally, Breakwater Investment Management acquired a new position in shares of SPDR Bloomberg Emerging Markets USD Bond ETF during the 4th quarter valued at $115,000.

SPDR Bloomberg Emerging Markets USD Bond ETF Trading Up 0.3%

EMHC stock traded up $0.08 on Monday, reaching $24.98. 37,006 shares of the company’s stock were exchanged, compared to its average volume of 37,959. SPDR Bloomberg Emerging Markets USD Bond ETF has a twelve month low of $24.54 and a twelve month high of $25.86. The stock has a fifty day moving average of $25.24 and a 200-day moving average of $25.29.

SPDR Bloomberg Emerging Markets USD Bond ETF Company Profile

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.