SPDR MSCI ACWI ex-US ETF (NYSEARCA:CWI) Sees Large Increase in Short Interest

SPDR MSCI ACWI ex-US ETF (NYSEARCA:CWI) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 421,698 shares, an increase of 74.1% from the June 15th total of 242,159 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 265,257 shares, the days-to-cover ratio is currently 1.6 days.

SPDR MSCI ACWI ex-US ETF Stock Performance

Shares of NYSEARCA:CWI opened at $39.52 on Friday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 16.06 and a beta of 0.76. SPDR MSCI ACWI ex-US ETF has a 1-year low of $31.97 and a 1-year high of $41.41. The company’s fifty day moving average is $40.26 and its two-hundred day moving average is $38.74.

Institutional Investors Weigh In On SPDR MSCI ACWI ex-US ETF

A number of institutional investors have recently modified their holdings of CWI. Bank of America Corp DE boosted its stake in SPDR MSCI ACWI ex-US ETF by 4.4% in the third quarter. Bank of America Corp DE now owns 8,197,847 shares of the company’s stock valued at $286,269,000 after acquiring an additional 342,683 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of SPDR MSCI ACWI ex-US ETF by 2.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,580,294 shares of the company’s stock worth $167,593,000 after purchasing an additional 116,680 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of SPDR MSCI ACWI ex-US ETF by 14.0% in the 4th quarter. Merit Financial Group LLC now owns 3,186,018 shares of the company’s stock worth $114,442,000 after purchasing an additional 390,436 shares during the last quarter. Avantax Planning Partners Inc. boosted its position in SPDR MSCI ACWI ex-US ETF by 1.6% during the 1st quarter. Avantax Planning Partners Inc. now owns 2,300,372 shares of the company’s stock valued at $84,171,000 after purchasing an additional 35,798 shares during the period. Finally, HighTower Advisors LLC grew its stake in SPDR MSCI ACWI ex-US ETF by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 1,755,275 shares of the company’s stock worth $63,049,000 after buying an additional 34,244 shares during the last quarter.

About SPDR MSCI ACWI ex-US ETF

SPDR MSCI ACWI ex-US ETF (the Fund) seeks to closely match the returns and characteristics of the total return performance of the MSCI ACWI ex USA Index (the Index). The Index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The Fund’s investment advisor is SSgA Funds Management, Inc