SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM – Get Free Report) saw a large growth in short interest in 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 trading volume of 3,079 shares, the days-to-cover ratio is presently 3.0 days.
Hedge Funds Weigh In On SPDR MSCI Emerging Markets StrategicFactors ETF
A number of hedge funds have recently modified their holdings of QEMM. Cabot Wealth Management Inc. purchased a new position in shares of SPDR MSCI Emerging Markets StrategicFactors ETF in the third quarter worth $5,922,000. Aspiriant LLC bought a new position in shares of SPDR MSCI Emerging Markets StrategicFactors ETF during the third quarter worth $966,000. DWM Financial Group Inc. bought a new position in shares of SPDR MSCI Emerging Markets StrategicFactors ETF during the third quarter worth $711,000. Premier Path Wealth Partners LLC boosted its position in shares of SPDR MSCI Emerging Markets StrategicFactors ETF by 12.8% during the second quarter. Premier Path Wealth Partners LLC now owns 44,797 shares of the company’s stock worth $3,580,000 after acquiring an additional 5,084 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in SPDR MSCI Emerging Markets StrategicFactors ETF during the third quarter valued at $361,000.
SPDR MSCI Emerging Markets StrategicFactors ETF Trading Up 0.3%
SPDR MSCI Emerging Markets StrategicFactors ETF stock traded up $0.21 during midday trading on Friday, hitting $75.90. The stock had a trading volume of 1,611 shares, compared to its average volume of 3,448. SPDR MSCI Emerging Markets StrategicFactors ETF has a 52-week low of $63.92 and a 52-week high of $83.21. The company has a market capitalization of $55.41 million, a PE ratio of 13.59 and a beta of 0.66. The firm’s fifty day moving average is $79.24 and its two-hundred day moving average is $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.
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