SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Short Interest Update

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 106,766 shares, a growth of 118.9% from the July 15th total of 48,781 shares. Based on an average trading volume of 109,495 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company’s shares are short sold.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

Shares of SPDR Portfolio MSCI Global Stock Market ETF stock traded down $0.10 during midday trading on Friday, reaching $88.54. The company had a trading volume of 105,528 shares, compared to its average volume of 212,217. The stock has a fifty day moving average price of $85.52 and a 200 day moving average price of $82.30. The firm has a market cap of $1.79 billion, a PE ratio of 20.63 and a beta of 0.92. SPDR Portfolio MSCI Global Stock Market ETF has a fifty-two week low of $71.13 and a fifty-two week high of $88.84.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 85,632 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 64.4% in the second quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock valued at $785,000 after buying an additional 4,460 shares during the period. Farther Finance Advisors LLC lifted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% in the fourth quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock valued at $377,000 after buying an additional 4,491 shares during the period. Horizon Investments LLC bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at $135,000. Finally, Basepoint Wealth LLC bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at $72,000.

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.