SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Short Interest Down 96.3% in July

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 48,781 shares, a decrease of 96.3% from the June 30th total of 1,321,316 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 475,971 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Basepoint Wealth LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at $72,000. Horizon Investments LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth about $135,000. DGS Capital Management LLC purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the first quarter worth about $354,000. Farther Finance Advisors LLC grew its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the fourth quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock worth $377,000 after buying an additional 4,491 shares during the last quarter. Finally, Betterment LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at about $781,000.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

Shares of NYSEARCA SPGM traded up $0.04 during mid-day trading on Friday, hitting $84.31. The company had a trading volume of 231,678 shares, compared to its average volume of 223,848. The company has a market capitalization of $1.70 billion, a PE ratio of 20.63 and a beta of 0.92. The business’s 50-day simple moving average is $85.17 and its 200 day simple moving average is $81.45. SPDR Portfolio MSCI Global Stock Market ETF has a 1-year low of $68.86 and a 1-year high of $86.84.

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.