Short Interest in SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Expands By 242.0%

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 2,737,825 shares, a growth of 242.0% from the June 30th total of 800,642 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 3,830,152 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On SPDR Portfolio Developed World ex-US ETF

A number of hedge funds have recently added to or reduced their stakes in SPDW. Albion Financial Group UT acquired a new position in shares of SPDR Portfolio Developed World ex-US ETF in the fourth quarter worth $29,000. Ascentis Independent Advisors purchased a new position in SPDR Portfolio Developed World ex-US ETF in the first quarter valued at $36,000. Johnson Financial Group Inc. purchased a new position in SPDR Portfolio Developed World ex-US ETF in the first quarter valued at $37,000. Godsey & Gibb Inc. purchased a new position in SPDR Portfolio Developed World ex-US ETF in the first quarter valued at $44,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in SPDR Portfolio Developed World ex-US ETF during the 4th quarter worth $46,000.

SPDR Portfolio Developed World ex-US ETF Price Performance

Shares of NYSEARCA SPDW traded up $0.20 during midday trading on Monday, hitting $49.59. The company’s stock had a trading volume of 2,384,431 shares, compared to its average volume of 4,520,054. The business’s fifty day simple moving average is $50.30 and its two-hundred day simple moving average is $48.51. SPDR Portfolio Developed World ex-US ETF has a 1 year low of $39.54 and a 1 year high of $52.16. The firm has a market capitalization of $39.82 billion, a price-to-earnings ratio of 16.12 and a beta of 0.83.

SPDR Portfolio Developed World ex-US ETF Company Profile

SPDR S&P World ex US ETF (the Fund) seeks to replicate as closely as possible total return performance of the S&P/Citigroup BMI World Ex US Index (the Index). The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in developed countries outside the United States. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.