Short Interest in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Rises By 28.3%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 58,913 shares, an increase of 28.3% from the January 15th total of 45,912 shares. Based on an average daily volume of 227,520 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 227,520 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPGM. Fairway Wealth LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the third quarter worth $62,000. Basepoint Wealth LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth $72,000. Acima Private Wealth LLC lifted its position in SPDR Portfolio MSCI Global Stock Market ETF by 14.6% during the 3rd quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock worth $126,000 after acquiring an additional 214 shares during the period. Horizon Investments LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at about $135,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% in the fourth quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock valued at $377,000 after purchasing an additional 4,491 shares during the period.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

Shares of SPDR Portfolio MSCI Global Stock Market ETF stock traded up $0.04 during trading on Tuesday, hitting $79.71. 376,648 shares of the company’s stock traded hands, compared to its average volume of 154,089. SPDR Portfolio MSCI Global Stock Market ETF has a 1 year low of $54.21 and a 1 year high of $81.00. The business has a 50-day simple moving average of $78.23 and a 200-day simple moving average of $75.68. The stock has a market capitalization of $1.48 billion, a P/E ratio of 20.63 and a beta of 0.93.

SPDR Portfolio MSCI Global Stock Market ETF Company Profile

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.