Short Interest in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Declines By 96.3%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 48,781 shares, a decline of 96.3% from the June 30th total of 1,321,316 shares. Based on an average daily volume of 475,971 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.0%

Shares of SPDR Portfolio MSCI Global Stock Market ETF stock traded up $0.04 on Friday, hitting $84.31. The stock had a trading volume of 231,678 shares, compared to its average volume of 223,848. SPDR Portfolio MSCI Global Stock Market ETF has a one year low of $68.86 and a one year high of $86.84. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. The stock’s 50-day simple moving average is $85.17 and its two-hundred day simple moving average is $81.45.

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

Large investors have recently added to or reduced their stakes in the company. Basepoint Wealth LLC purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at about $72,000. Horizon Investments LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at about $135,000. Ameriprise Financial Inc. boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 64.4% during the second quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock worth $785,000 after purchasing an additional 4,460 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the fourth quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock worth $377,000 after purchasing an additional 4,491 shares during the period. Finally, DGS Capital Management LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the first quarter worth about $354,000.

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.