Short Interest in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Declines By 74.5%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 32,377 shares, a decline of 74.5% from the August 15th total of 127,173 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 108,217 shares, the short-interest ratio is presently 0.3 days.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 0.9%

SPGM stock traded up $0.80 during mid-day trading on Friday, reaching $87.35. 42,795 shares of the stock traded hands, compared to its average volume of 198,291. SPDR Portfolio MSCI Global Stock Market ETF has a 52-week low of $73.12 and a 52-week high of $88.84. The stock’s fifty day moving average is $86.59 and its 200-day moving average is $83.40. The company has a market cap of $1.76 billion, a P/E ratio of 20.63 and a beta of 0.92.

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

Hedge funds have recently made changes to their positions in the company. Basepoint Wealth LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth approximately $72,000. Ameriprise Financial Inc. raised its stake in SPDR Portfolio MSCI Global Stock Market ETF by 64.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock valued at $785,000 after purchasing an additional 4,460 shares during the period. DGS Capital Management LLC purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the first quarter valued at $354,000. Ethos Financial Group LLC lifted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 6.7% in the first quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock valued at $9,623,000 after purchasing an additional 7,927 shares in the last quarter. Finally, Betterment LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth $781,000.

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.