Short Interest in SPDR Global Dow ETF (NYSEARCA:DGT) Expands By 59.2%

SPDR Global Dow ETF (NYSEARCA:DGTGet Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 16,490 shares, a growth of 59.2% from the August 15th total of 10,361 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 7,344 shares, the days-to-cover ratio is currently 2.2 days.

SPDR Global Dow ETF Price Performance

DGT stock opened at $188.51 on Friday. SPDR Global Dow ETF has a 12 month low of $159.13 and a 12 month high of $193.03. The firm’s 50-day moving average is $189.32 and its 200 day moving average is $183.09. The company has a market capitalization of $582.50 million, a PE ratio of 15.93 and a beta of 0.81.

Institutional Trading of SPDR Global Dow ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in shares of SPDR Global Dow ETF in the second quarter valued at approximately $59,000. Advisors Preferred LLC increased its holdings in SPDR Global Dow ETF by 100.0% during the 1st quarter. Advisors Preferred LLC now owns 430 shares of the company’s stock worth $73,000 after purchasing an additional 215 shares during the period. AlphaCore Capital LLC purchased a new position in SPDR Global Dow ETF during the 4th quarter worth $213,000. Sanctuary Advisors LLC raised its position in SPDR Global Dow ETF by 7.0% during the 1st quarter. Sanctuary Advisors LLC now owns 1,595 shares of the company’s stock valued at $270,000 after purchasing an additional 105 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in SPDR Global Dow ETF during the 1st quarter valued at $272,000.

About SPDR Global Dow ETF

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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.

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