SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Short Interest Update

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 106,766 shares, an increase of 118.9% from the July 15th total of 48,781 shares. Based on an average daily volume of 109,495 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Basepoint Wealth LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at $72,000. Horizon Investments LLC bought a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth $135,000. DGS Capital Management LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter worth about $354,000. Farther Finance Advisors LLC lifted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the 4th quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock worth $377,000 after buying an additional 4,491 shares during the period. Finally, Betterment LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth about $781,000.

SPDR Portfolio MSCI Global Stock Market ETF Stock Down 0.1%

Shares of SPGM stock traded down $0.10 during mid-day trading on Friday, reaching $88.54. 105,528 shares of the stock traded hands, compared to its average volume of 212,217. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. The stock’s fifty day simple moving average is $85.52 and its two-hundred day simple moving average is $82.30. SPDR Portfolio MSCI Global Stock Market ETF has a 1-year low of $71.13 and a 1-year high of $88.84.

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.