Short Interest in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Grows By 279.6%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 68,325 shares, an increase of 279.6% from the April 15th total of 17,999 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 136,370 shares, the days-to-cover ratio is presently 0.5 days.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.3%

Shares of SPDR Portfolio MSCI Global Stock Market ETF stock traded up $0.26 during trading hours on Thursday, reaching $85.47. 164,187 shares of the company’s stock were exchanged, compared to its average volume of 197,067. SPDR Portfolio MSCI Global Stock Market ETF has a 1 year low of $65.17 and a 1 year high of $85.74. The business has a fifty day moving average of $79.40 and a two-hundred day moving average of $78.31. The company has a market capitalization of $1.62 billion, a P/E ratio of 20.63 and a beta of 0.92.

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

A number of hedge funds have recently modified their holdings of the company. Ethos Financial Group LLC lifted its position in SPDR Portfolio MSCI Global Stock Market ETF by 6.7% in the first quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock valued at $9,623,000 after buying an additional 7,927 shares during the last quarter. JPMorgan Chase & Co. lifted its position in SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the second quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock valued at $6,831,000 after buying an additional 85,632 shares during the last quarter. Ameriprise Financial Inc. lifted its position in SPDR Portfolio MSCI Global Stock Market ETF by 42.2% in the third quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock valued at $1,213,000 after buying an additional 4,808 shares during the last quarter. Betterment LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at about $781,000. Finally, Holos Integrated Wealth LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at about $682,000.

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.