SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Large Decline in Short Interest

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 30,868 shares, a drop of 69.7% from the February 26th total of 101,831 shares. Based on an average daily trading volume, of 499,026 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 499,026 shares, the days-to-cover ratio is presently 0.1 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock valued at $6,831,000 after purchasing an additional 85,632 shares during the last quarter. Flow Traders U.S. LLC raised its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 179.5% during the 2nd quarter. Flow Traders U.S. LLC now owns 241,495 shares of the company’s stock valued at $16,663,000 after buying an additional 155,095 shares during the period. Ameriprise Financial Inc. lifted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 64.4% in the second quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock valued at $785,000 after acquiring an additional 4,460 shares during the last quarter. Private Trust Co. NA lifted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 24.9% in the third quarter. Private Trust Co. NA now owns 12,926 shares of the company’s stock valued at $968,000 after acquiring an additional 2,578 shares during the last quarter. Finally, Fairway Wealth LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the third quarter worth $62,000.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 1.1%

NYSEARCA:SPGM traded up $0.84 during trading hours on Wednesday, hitting $76.36. The company had a trading volume of 25,672 shares, compared to its average volume of 239,376. SPDR Portfolio MSCI Global Stock Market ETF has a 1 year low of $54.21 and a 1 year high of $81.23. The company has a market cap of $1.42 billion, a P/E ratio of 20.63 and a beta of 0.93. The company has a 50-day moving average of $78.80 and a 200 day moving average of $76.91.

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.