SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) Sees Large Growth in Short Interest

SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 50,521 shares, a growth of 480.8% from the July 15th total of 8,698 shares. Based on an average daily trading volume, of 10,807 shares, the short-interest ratio is currently 4.7 days. Currently, 1.5% of the shares of the stock are sold short.

Institutional Trading of SPDR S&P Global Dividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its stake in SPDR S&P Global Dividend ETF by 162.3% during the 1st quarter. Jane Street Group LLC now owns 10,312 shares of the company’s stock worth $671,000 after buying an additional 6,380 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of SPDR S&P Global Dividend ETF by 15.4% in the second quarter. Captrust Financial Advisors now owns 21,828 shares of the company’s stock worth $1,540,000 after acquiring an additional 2,913 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of SPDR S&P Global Dividend ETF by 99.1% during the second quarter. Corient Private Wealth LLC now owns 116,376 shares of the company’s stock worth $8,209,000 after purchasing an additional 57,916 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of SPDR S&P Global Dividend ETF by 28.2% in the second quarter. Osaic Holdings Inc. now owns 3,908 shares of the company’s stock worth $276,000 after buying an additional 859 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in shares of SPDR S&P Global Dividend ETF in the third quarter worth about $204,000.

SPDR S&P Global Dividend ETF Price Performance

NYSEARCA WDIV traded up $0.30 on Wednesday, hitting $84.23. The company had a trading volume of 365 shares, compared to its average volume of 13,044. The company’s fifty day moving average price is $81.87 and its 200-day moving average price is $80.51. The company has a market capitalization of $280.49 million, a PE ratio of 13.04 and a beta of 0.55. SPDR S&P Global Dividend ETF has a 12-month low of $71.44 and a 12-month high of $84.50.

About SPDR S&P Global Dividend ETF

The SPDR S&P Global Dividend ETF (WDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of 100 high-dividend-yielding stocks from the S&P Global BMI Index. Constituents are selected and weighted by dividends. WDIV was launched on May 29, 2013 and is managed by State Street.