SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Short Interest Down 69.7% in March

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 30,868 shares, a drop of 69.7% from the February 26th total of 101,831 shares. Based on an average daily trading volume, of 499,026 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the third quarter valued at approximately $62,000. Basepoint Wealth LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth approximately $72,000. Acima Private Wealth LLC lifted its stake in SPDR Portfolio MSCI Global Stock Market ETF by 14.6% during the 3rd quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock valued at $126,000 after acquiring an additional 214 shares during the period. Horizon Investments LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at approximately $135,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% in the 4th quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock valued at $377,000 after acquiring an additional 4,491 shares during the last quarter.

SPDR Portfolio MSCI Global Stock Market ETF Trading Down 2.0%

Shares of SPGM traded down $1.53 during midday trading on Thursday, hitting $74.67. 204,615 shares of the company’s stock traded hands, compared to its average volume of 240,819. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 20.63 and a beta of 0.93. SPDR Portfolio MSCI Global Stock Market ETF has a 1 year low of $54.21 and a 1 year high of $81.23. The firm’s fifty day moving average is $78.66 and its 200-day moving average is $76.89.

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.