Short Interest in SPDR Global Dow ETF (NYSEARCA:DGT) Expands By 269.1%

SPDR Global Dow ETF (NYSEARCA:DGT) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 33,201 shares, a growth of 269.1% from the February 12th total of 8,996 shares. Based on an average trading volume of 24,435 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.1% of the shares of the company are sold short. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 24,435 shares, the days-to-cover ratio is presently 1.4 days.

SPDR Global Dow ETF Price Performance

DGT stock traded down $2.62 during trading hours on Thursday, reaching $170.70. The stock had a trading volume of 14,174 shares, compared to its average volume of 24,260. The stock has a 50-day simple moving average of $174.44 and a 200 day simple moving average of $167.17. SPDR Global Dow ETF has a fifty-two week low of $121.09 and a fifty-two week high of $180.90. The stock has a market capitalization of $517.22 million, a PE ratio of 15.93 and a beta of 0.88.

Institutional Investors Weigh In On SPDR Global Dow ETF

Several hedge funds have recently bought and sold shares of DGT. Compound Planning Inc. grew its holdings in SPDR Global Dow ETF by 5.7% during the fourth quarter. Compound Planning Inc. now owns 6,415 shares of the company’s stock worth $1,069,000 after purchasing an additional 344 shares during the period. Onyx Bridge Wealth Group LLC raised its stake in SPDR Global Dow ETF by 5.1% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 43,662 shares of the company’s stock valued at $7,279,000 after buying an additional 2,128 shares during the period. Obsidian Cio LLC bought a new stake in SPDR Global Dow ETF in the fourth quarter valued at approximately $288,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of SPDR Global Dow ETF in the fourth quarter valued at approximately $102,000. Finally, IHT Wealth Management LLC boosted its stake in shares of SPDR Global Dow ETF by 19.5% during the 4th quarter. IHT Wealth Management LLC now owns 3,752 shares of the company’s stock worth $625,000 after acquiring an additional 611 shares during the period.

About SPDR Global Dow ETF

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.