Short Interest in SPDR Global Dow ETF (NYSEARCA:DGT) Declines By 58.3%

SPDR Global Dow ETF (NYSEARCA:DGT) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 5,712 shares, a drop of 58.3% from the July 15th total of 13,695 shares. Based on an average trading volume of 8,493 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of SPDR Global Dow ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Preferred LLC raised its holdings in SPDR Global Dow ETF by 100.0% in the first quarter. Advisors Preferred LLC now owns 430 shares of the company’s stock worth $73,000 after buying an additional 215 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of SPDR Global Dow ETF during the fourth quarter valued at approximately $102,000. CWM LLC grew its holdings in shares of SPDR Global Dow ETF by 17.4% during the fourth quarter. CWM LLC now owns 762 shares of the company’s stock valued at $127,000 after buying an additional 113 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of SPDR Global Dow ETF during the fourth quarter valued at approximately $213,000. Finally, CW Advisors LLC bought a new stake in shares of SPDR Global Dow ETF during the second quarter valued at approximately $220,000.

SPDR Global Dow ETF Stock Performance

Shares of DGT traded down $0.27 during trading hours on Friday, hitting $192.31. The company had a trading volume of 8,113 shares, compared to its average volume of 17,595. The firm has a fifty day moving average price of $186.43 and a 200-day moving average price of $180.71. The stock has a market capitalization of $630.78 million, a price-to-earnings ratio of 15.93 and a beta of 0.81. SPDR Global Dow ETF has a 52-week low of $154.39 and a 52-week high of $192.95.

SPDR Global Dow ETF Company Profile

SPDR Global Dow ETF (the Fund), formerly SPDR DJ Global Titans ETF, is an open-end investment management company. The Fund seeks to replicate as closely as possible, the performance of the Dow Jones Global Titans 50 Index U.S. Close (the Index). The Index includes 50 stocks of multinational blue-chip companies that are traded on United States or foreign stock exchange. The Index component stocks are chosen by Dow Jones based on the combination of market data and fundamental data, such as float-adjusted market capitalization, sales/revenue and net profit.