Short Interest in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Drops By 14.6%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 17,999 shares, a decline of 14.6% from the March 31st total of 21,085 shares. Based on an average daily volume of 112,080 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the third quarter valued at approximately $62,000. Basepoint Wealth LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at approximately $72,000. Acima Private Wealth LLC increased its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 14.6% during the third quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock valued at $126,000 after buying an additional 214 shares during the last quarter. Horizon Investments LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at approximately $135,000. Finally, DGS Capital Management LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the first quarter valued at approximately $354,000.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.1%

SPGM opened at $82.88 on Friday. The firm has a 50 day moving average price of $78.69 and a 200-day moving average price of $77.75. SPDR Portfolio MSCI Global Stock Market ETF has a twelve month low of $63.02 and a twelve month high of $83.38. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92.

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.