SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Shares Shorted: Short Interest Down 77.7% in October

SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 63,816 shares, a decrease of 77.7% from the October 15th total of 285,827 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 92,093 shares, the days-to-cover ratio is presently 0.7 days.

SPDR Dow Jones Global Real Estate ETF Trading Down 0.1%

RWO traded down $0.07 during midday trading on Friday, hitting $48.87. 502,044 shares of the company were exchanged, compared to its average volume of 82,451. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 23.34 and a beta of 0.88. SPDR Dow Jones Global Real Estate ETF has a 1-year low of $44.68 and a 1-year high of $52.26. The company’s 50 day simple moving average is $47.63 and its 200 day simple moving average is $48.74.

Institutional Trading of SPDR Dow Jones Global Real Estate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of SPDR Dow Jones Global Real Estate ETF by 7.2% in the 3rd quarter. State Street Corp now owns 6,463,413 shares of the company’s stock valued at $299,902,000 after purchasing an additional 433,765 shares in the last quarter. Bank of America Corp DE raised its stake in SPDR Dow Jones Global Real Estate ETF by 3.8% in the 1st quarter. Bank of America Corp DE now owns 1,570,009 shares of the company’s stock valued at $71,859,000 after purchasing an additional 57,750 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of SPDR Dow Jones Global Real Estate ETF by 81.9% in the second quarter. Envestnet Asset Management Inc. now owns 652,424 shares of the company’s stock worth $32,116,000 after buying an additional 293,786 shares in the last quarter. Brighton Jones LLC acquired a new stake in SPDR Dow Jones Global Real Estate ETF in the 3rd quarter valued at about $12,944,000. Finally, Modera Wealth Management LLC purchased a new position in SPDR Dow Jones Global Real Estate ETF during the third quarter worth approximately $9,110,000.

About SPDR Dow Jones Global Real Estate ETF

SPDR Dow Jones Global Real Estate ETF (the Fund), formerly SPDR DJ Wilshire Global Real Estate ETF, seeks to replicate as closely as possible the price and yield performance of the Dow Jones Global Select Real Estate Securities Index (the Index), an index based upon the global real estate market. The Index is a float-adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries. The Fund’s investment manager is SSgA Funds Management, Inc.