Short Interest in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Drops By 74.5%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 32,377 shares, a drop of 74.5% from the August 15th total of 127,173 shares. Based on an average trading volume of 108,217 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 0.9%

SPDR Portfolio MSCI Global Stock Market ETF stock traded up $0.80 during midday trading on Friday, reaching $87.35. 42,795 shares of the stock traded hands, compared to its average volume of 198,291. The firm has a fifty day moving average price of $86.59 and a two-hundred day moving average price of $83.40. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. SPDR Portfolio MSCI Global Stock Market ETF has a fifty-two week low of $73.12 and a fifty-two week high of $88.84.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position 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 buying an additional 85,632 shares in the last quarter. Stillwater Private Wealth LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter worth about $891,000. Betterment LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth approximately $781,000. Ethos Financial Group LLC lifted its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 6.7% in the 1st quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock worth $9,623,000 after acquiring an additional 7,927 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 42.2% in the third quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock valued at $1,213,000 after acquiring an additional 4,808 shares in the last quarter.

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.