SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Sees Significant Drop in Short Interest

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 2,011,311 shares, a drop of 42.9% from the September 30th total of 3,521,709 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 3,269,140 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wrenne Financial Planning LLC grew its position in SPDR Portfolio Developed World ex-US ETF by 0.7% in the 3rd quarter. Wrenne Financial Planning LLC now owns 215,009 shares of the company’s stock worth $10,796,000 after purchasing an additional 1,514 shares during the last quarter. Provenance Wealth Advisors LLC bought a new position in SPDR Portfolio Developed World ex-US ETF during the third quarter worth about $58,000. Associated Banc Corp bought a new position in SPDR Portfolio Developed World ex-US ETF during the third quarter worth about $328,000. Integrity Alliance LLC. acquired a new stake in SPDR Portfolio Developed World ex-US ETF in the 3rd quarter valued at $287,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of SPDR Portfolio Developed World ex-US ETF in the 3rd quarter worth about $11,128,000.

SPDR Portfolio Developed World ex-US ETF Trading Down 1.4%

NYSEARCA SPDW traded down $0.70 during trading on Friday, hitting $49.35. 3,782,054 shares of the company traded hands, compared to its average volume of 3,913,678. SPDR Portfolio Developed World ex-US ETF has a 12 month low of $41.99 and a 12 month high of $52.43. The business has a fifty day simple moving average of $50.64 and a 200 day simple moving average of $49.34. The company has a market capitalization of $40.88 billion, a P/E ratio of 16.12 and a beta of 0.85.

About SPDR Portfolio Developed World ex-US ETF

SPDR S&P World ex US ETF (the Fund) seeks to replicate as closely as possible total return performance of the S&P/Citigroup BMI World Ex US Index (the Index). The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in developed countries outside the United States. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.