Short Interest in SPDR Global Dow ETF (NYSEARCA:DGT) Rises By 269.1%

SPDR Global Dow ETF (NYSEARCA:DGT) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 33,201 shares, a growth of 269.1% from the February 12th total of 8,996 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 24,435 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 24,435 shares, the short-interest ratio is currently 1.4 days. Currently, 1.1% of the shares of the stock are short sold.

SPDR Global Dow ETF Trading Down 0.3%

Shares of DGT stock traded down $0.60 on Wednesday, reaching $172.84. The company’s stock had a trading volume of 14,276 shares, compared to its average volume of 24,358. The stock’s fifty day simple moving average is $174.22 and its 200-day simple moving average is $167.10. SPDR Global Dow ETF has a 1 year low of $121.09 and a 1 year high of $180.90. The company has a market capitalization of $523.71 million, a price-to-earnings ratio of 15.93 and a beta of 0.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new stake in SPDR Global Dow ETF during the third quarter valued at approximately $52,000. Advisors Preferred LLC purchased a new position in shares of SPDR Global Dow ETF in the 3rd quarter worth approximately $65,000. Bank of Montreal Can increased its position in shares of SPDR Global Dow ETF by 186.7% during the 2nd quarter. Bank of Montreal Can now owns 430 shares of the company’s stock valued at $65,000 after purchasing an additional 280 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of SPDR Global Dow ETF during the 4th quarter valued at approximately $102,000. Finally, CWM LLC lifted its position in SPDR Global Dow ETF by 17.4% in the fourth quarter. CWM LLC now owns 762 shares of the company’s stock worth $127,000 after buying an additional 113 shares during the last quarter.

SPDR Global Dow ETF Company Profile

SPDR Global Dow ETF (the Fund), formerly SPDR DJ Global Titans ETF, is an open-end investment management company. The Fund seeks to replicate as closely as possible, the performance of the Dow Jones Global Titans 50 Index U.S. Close (the Index). The Index includes 50 stocks of multinational blue-chip companies that are traded on United States or foreign stock exchange. The Index component stocks are chosen by Dow Jones based on the combination of market data and fundamental data, such as float-adjusted market capitalization, sales/revenue and net profit.