Short Interest in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Drops By 53.9%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 51,123 shares, a decline of 53.9% from the May 31st total of 110,991 shares. Based on an average daily volume of 215,844 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Ethos Financial Group LLC boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 6.7% during the first quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock worth $9,623,000 after acquiring an additional 7,927 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 640.5% during the second quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock worth $6,831,000 after purchasing an additional 85,632 shares during the period. Ameriprise Financial Inc. increased its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 42.2% during the third quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock worth $1,213,000 after purchasing an additional 4,808 shares during the period. Stillwater Private Wealth LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter worth approximately $891,000. Finally, Betterment LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth approximately $781,000.

SPDR Portfolio MSCI Global Stock Market ETF Stock Down 0.7%

Shares of SPGM traded down $0.57 during trading hours on Wednesday, hitting $85.10. The company had a trading volume of 2,564,695 shares, compared to its average volume of 221,575. The business has a fifty day moving average of $84.50 and a 200-day moving average of $80.42. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. SPDR Portfolio MSCI Global Stock Market ETF has a 12 month low of $68.86 and a 12 month high of $86.84.

About SPDR Portfolio MSCI Global Stock Market ETF

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.