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

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 27,991 shares, a decrease of 39.4% from the December 15th total of 46,195 shares. Based on an average daily volume of 113,712 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 113,712 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fairway Wealth LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the third quarter worth approximately $62,000. Acima Private Wealth LLC increased its position in SPDR Portfolio MSCI Global Stock Market ETF by 14.6% during the third quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock worth $126,000 after purchasing an additional 214 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth approximately $682,000. Ameriprise Financial Inc. boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 64.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock valued at $785,000 after purchasing an additional 4,460 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 24.9% in the 3rd quarter. Private Trust Co. NA now owns 12,926 shares of the company’s stock valued at $968,000 after purchasing an additional 2,578 shares during the last quarter.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.1%

Shares of NYSEARCA:SPGM traded up $0.09 during midday trading on Friday, reaching $78.93. The company’s stock had a trading volume of 172,682 shares, compared to its average volume of 121,617. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 20.63 and a beta of 0.93. The business has a 50 day moving average price of $76.70 and a 200 day moving average price of $74.26. SPDR Portfolio MSCI Global Stock Market ETF has a 1 year low of $54.21 and a 1 year high of $79.22.

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.