SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Short Interest Up 118.9% in July

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 106,766 shares, an increase of 118.9% from the July 15th total of 48,781 shares. Based on an average daily volume of 109,495 shares, the short-interest ratio is presently 1.0 days. Approximately 0.5% of the company’s shares are sold short.

SPDR Portfolio MSCI Global Stock Market ETF Trading Down 0.1%

NYSEARCA SPGM traded down $0.10 on Friday, hitting $88.54. The company’s stock had a trading volume of 105,528 shares, compared to its average volume of 212,217. SPDR Portfolio MSCI Global Stock Market ETF has a 52-week low of $71.13 and a 52-week high of $88.84. The company’s 50-day simple moving average is $85.52 and its 200 day simple moving average is $82.30. The firm has a market cap of $1.79 billion, a P/E ratio of 20.63 and a beta of 0.92.

Hedge Funds Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ethos Financial Group LLC lifted its stake in 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 worth $9,623,000 after acquiring an additional 7,927 shares during the period. JPMorgan Chase & Co. boosted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the second quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock valued at $6,831,000 after acquiring an additional 85,632 shares in the last quarter. Ameriprise Financial Inc. increased its position in SPDR Portfolio MSCI Global Stock Market ETF by 42.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock valued at $1,213,000 after purchasing an additional 4,808 shares during the period. Stillwater Private Wealth LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter valued at $891,000. Finally, Betterment LLC bought a new position in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth $781,000.

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.