SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Large Decline in Short Interest

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 48,781 shares, a decline of 96.3% from the June 30th total of 1,321,316 shares. Based on an average trading volume of 475,971 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

Shares of NYSEARCA SPGM traded up $0.04 during trading on Friday, hitting $84.31. 231,678 shares of the company were exchanged, compared to its average volume of 223,848. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. SPDR Portfolio MSCI Global Stock Market ETF has a 1 year low of $68.86 and a 1 year high of $86.84. The firm’s fifty day moving average price is $85.17 and its 200 day moving average price is $81.45.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SPGM. Stillwater Private Wealth LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the first quarter worth about $891,000. 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. DGS Capital Management LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the first quarter valued at approximately $354,000. Betterment LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at approximately $781,000. Finally, Basepoint Wealth LLC purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth approximately $72,000.

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.