SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Short Interest Up 304.4% in January

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 183,526 shares, a growth of 304.4% from the January 15th total of 45,378 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 67,100 shares, the short-interest ratio is presently 2.7 days. Based on an average daily trading volume, of 67,100 shares, the short-interest ratio is presently 2.7 days. Currently, 1.3% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR Portfolio Europe ETF

Several institutional investors have recently made changes to their positions in SPEU. GPS Wealth Strategies Group LLC grew its stake in shares of SPDR Portfolio Europe ETF by 45.8% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 917 shares of the company’s stock valued at $44,000 after buying an additional 288 shares during the period. International Assets Investment Management LLC bought a new position in SPDR Portfolio Europe ETF in the fourth quarter worth approximately $47,000. JPMorgan Chase & Co. boosted its holdings in SPDR Portfolio Europe ETF by 460.2% in the third quarter. JPMorgan Chase & Co. now owns 1,294 shares of the company’s stock worth $64,000 after acquiring an additional 1,063 shares in the last quarter. Painted Porch Advisors LLC acquired a new stake in SPDR Portfolio Europe ETF in the third quarter valued at approximately $89,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of SPDR Portfolio Europe ETF during the fourth quarter valued at approximately $111,000.

SPDR Portfolio Europe ETF Stock Performance

Shares of SPEU stock traded down $0.04 during trading hours on Friday, hitting $55.17. 32,311 shares of the company were exchanged, compared to its average volume of 69,485. The company has a 50 day simple moving average of $53.22 and a two-hundred day simple moving average of $50.88. The firm has a market cap of $777.88 million, a P/E ratio of 16.86 and a beta of 0.94. SPDR Portfolio Europe ETF has a fifty-two week low of $38.99 and a fifty-two week high of $55.84.

SPDR Portfolio Europe ETF Company Profile

The SPDR Portfolio Europe ETF (SPEU) is an exchange-traded fund that is based on the STOXX Europe TMI index, a market-cap-weighted index of Western European companies across the market-cap spectrum. SPEU was launched on Oct 15, 2002 and is managed by State Street.