SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 70,784 shares, a growth of 126.1% from the September 30th total of 31,303 shares. Based on an average daily trading volume, of 160,427 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPGM. Ethos Financial Group LLC lifted its position in 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 valued at $9,623,000 after purchasing an additional 7,927 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 about $891,000. Finally, DGS Capital Management LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter worth about $354,000.
SPDR Portfolio MSCI Global Stock Market ETF Trading Down 1.8%
NYSEARCA SPGM traded down $1.58 on Friday, hitting $85.04. 50,082 shares of the company’s stock traded hands, compared to its average volume of 182,503. The firm’s 50-day moving average price is $87.06 and its two-hundred day moving average price is $83.40. The firm has a market capitalization of $1.79 billion, a PE ratio of 20.63 and a beta of 0.92. SPDR Portfolio MSCI Global Stock Market ETF has a 1-year low of $73.12 and a 1-year high of $88.84.
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.
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