Short Interest in SPDR Global Dow ETF (NYSEARCA:DGT) Declines By 58.3%

SPDR Global Dow ETF (NYSEARCA:DGT) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 5,712 shares, a decline of 58.3% from the July 15th total of 13,695 shares. Based on an average daily trading volume, of 8,493 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are sold short.

SPDR Global Dow ETF Stock Down 0.1%

Shares of NYSEARCA:DGT traded down $0.27 during midday trading on Friday, reaching $192.31. The company’s stock had a trading volume of 8,113 shares, compared to its average volume of 17,595. The firm has a 50 day moving average of $186.43 and a 200-day moving average of $180.71. The firm has a market capitalization of $630.78 million, a P/E ratio of 15.93 and a beta of 0.81. SPDR Global Dow ETF has a 12-month low of $154.39 and a 12-month high of $192.95.

Institutional Investors Weigh In On SPDR Global Dow ETF

Several hedge funds have recently bought and sold shares of the business. Members Advisory Group LLC increased its stake in shares of SPDR Global Dow ETF by 58.2% during the fourth quarter. Members Advisory Group LLC now owns 119,871 shares of the company’s stock valued at $19,984,000 after purchasing an additional 44,113 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of SPDR Global Dow ETF in the 4th quarter worth approximately $1,240,000. ARQ Wealth Advisors LLC increased its position in SPDR Global Dow ETF by 25.3% during the 1st quarter. ARQ Wealth Advisors LLC now owns 16,994 shares of the company’s stock valued at $2,881,000 after buying an additional 3,436 shares in the last quarter. Perryman Financial Advisory Inc. AD purchased a new position in SPDR Global Dow ETF during the fourth quarter valued at $498,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in SPDR Global Dow ETF by 392.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 27,130 shares of the company’s stock valued at $4,523,000 after buying an additional 21,621 shares during the last quarter.

About SPDR Global Dow ETF

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.