Short Interest in SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) Declines By 90.3%

SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4,876 shares, a decrease of 90.3% from the July 30th total of 50,521 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,741 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On SPDR S&P Global Dividend ETF

Hedge funds have recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in SPDR S&P Global Dividend ETF by 2.5% during the fourth quarter. LPL Financial LLC now owns 128,830 shares of the company’s stock valued at $9,720,000 after purchasing an additional 3,178 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of SPDR S&P Global Dividend ETF by 99.1% in the second quarter. Corient Private Wealth LLC now owns 116,376 shares of the company’s stock valued at $8,209,000 after purchasing an additional 57,916 shares in the last quarter. State Street Corp raised its stake in shares of SPDR S&P Global Dividend ETF by 119.3% during the 4th quarter. State Street Corp now owns 63,600 shares of the company’s stock valued at $4,798,000 after purchasing an additional 34,600 shares during the period. KKM Financial LLC purchased a new stake in SPDR S&P Global Dividend ETF during the 4th quarter worth about $4,160,000. Finally, Ameriprise Financial Inc. lifted its holdings in SPDR S&P Global Dividend ETF by 3.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 41,969 shares of the company’s stock worth $3,053,000 after purchasing an additional 1,536 shares in the last quarter.

SPDR S&P Global Dividend ETF Stock Up 0.5%

NYSEARCA:WDIV traded up $0.43 during trading hours on Tuesday, hitting $85.82. 9,433 shares of the company traded hands, compared to its average volume of 12,661. The firm’s 50-day simple moving average is $82.55 and its 200-day simple moving average is $80.94. SPDR S&P Global Dividend ETF has a one year low of $71.44 and a one year high of $85.88. The company has a market cap of $285.78 million, a PE ratio of 13.04 and a beta of 0.55.

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.