Short Interest in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Rises By 2,484.6%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 1,321,316 shares, an increase of 2,484.6% from the June 15th total of 51,123 shares. Based on an average trading volume of 407,415 shares, the days-to-cover ratio is currently 3.2 days. Currently, 6.0% of the company’s stock are short sold.

SPDR Portfolio MSCI Global Stock Market ETF Stock Performance

Shares of NYSEARCA SPGM traded up $0.36 during mid-day trading on Friday, reaching $86.01. The company had a trading volume of 85,404 shares, compared to its average volume of 234,285. SPDR Portfolio MSCI Global Stock Market ETF has a twelve month low of $68.86 and a twelve month high of $86.84. The stock has a market capitalization of $1.90 billion, a PE ratio of 20.63 and a beta of 0.92. The stock’s 50 day moving average is $85.07 and its 200-day moving average is $80.91.

Institutional Investors Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

A number of large investors have recently added to or reduced their stakes in the stock. Basepoint Wealth LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at approximately $72,000. Horizon Investments LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth $135,000. DGS Capital Management LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter worth $354,000. Farther Finance Advisors LLC boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the 4th quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock worth $377,000 after buying an additional 4,491 shares during the period. Finally, Holos Integrated Wealth LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at $682,000.

SPDR Portfolio MSCI Global Stock Market ETF Company Profile

The SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is an exchange-traded fund that is based on the MSCI AC World IMI index, a market-cap-weighted index of global stocks covering 99% of the developed and emerging markets capitalization. SPGM was launched on Feb 27, 2012 and is managed by State Street.