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

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 68,325 shares, a growth of 279.6% from the April 15th total of 17,999 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 136,370 shares, the short-interest ratio is presently 0.5 days.

SPDR Portfolio MSCI Global Stock Market ETF Trading Down 1.6%

NYSEARCA SPGM traded down $1.39 during midday trading on Friday, hitting $84.08. The company had a trading volume of 341,885 shares, compared to its average volume of 198,623. SPDR Portfolio MSCI Global Stock Market ETF has a twelve month low of $65.17 and a twelve month high of $85.74. The firm has a 50-day moving average price of $79.50 and a 200-day moving average price of $78.35. The company has a market capitalization of $1.59 billion, a PE ratio of 20.63 and a beta of 0.92.

Hedge Funds Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Fairway Wealth LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 3rd quarter valued at $62,000. Basepoint Wealth LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at $72,000. Acima Private Wealth LLC increased its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 14.6% in the 3rd quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock valued at $126,000 after purchasing an additional 214 shares during the last quarter. Horizon Investments LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at $135,000. Finally, DGS Capital Management LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 1st quarter valued at $354,000.

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.