SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) Sees Large Decrease in Short Interest

SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 8,698 shares, a decline of 58.6% from the June 30th total of 20,999 shares. Based on an average trading volume of 11,743 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On SPDR S&P Global Dividend ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AE Wealth Management LLC raised its stake in shares of SPDR S&P Global Dividend ETF by 2.4% during the 4th quarter. AE Wealth Management LLC now owns 344,755 shares of the company’s stock worth $26,010,000 after buying an additional 7,933 shares in the last quarter. LPL Financial LLC grew its holdings in SPDR S&P Global Dividend ETF by 2.5% during the fourth quarter. LPL Financial LLC now owns 128,830 shares of the company’s stock worth $9,720,000 after acquiring an additional 3,178 shares during the period. Corient Private Wealth LLC grew its holdings in SPDR S&P Global Dividend ETF by 99.1% during the second quarter. Corient Private Wealth LLC now owns 116,376 shares of the company’s stock worth $8,209,000 after acquiring an additional 57,916 shares during the period. State Street Corp grew its holdings in SPDR S&P Global Dividend ETF by 119.3% during the fourth quarter. State Street Corp now owns 63,600 shares of the company’s stock worth $4,798,000 after acquiring an additional 34,600 shares during the period. Finally, KKM Financial LLC purchased a new position in SPDR S&P Global Dividend ETF in the fourth quarter worth $4,160,000.

SPDR S&P Global Dividend ETF Stock Up 0.8%

NYSEARCA WDIV traded up $0.63 during trading hours on Tuesday, hitting $83.79. 7,390 shares of the stock were exchanged, compared to its average volume of 13,365. The company has a market cap of $279.02 million, a price-to-earnings ratio of 13.04 and a beta of 0.55. SPDR S&P Global Dividend ETF has a 12-month low of $69.97 and a 12-month high of $83.88. The stock has a 50-day moving average of $81.44 and a 200 day moving average of $80.02.

About SPDR S&P Global Dividend ETF

The SPDR S&P Global Dividend ETF (WDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of 100 high-dividend-yielding stocks from the S&P Global BMI Index. Constituents are selected and weighted by dividends. WDIV was launched on May 29, 2013 and is managed by State Street.