SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) Sees Large Decrease in Short Interest

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

SPDR S&P Global Dividend ETF Trading Down 0.4%

Shares of WDIV traded down $0.37 during trading hours on Thursday, reaching $85.34. 4,175 shares of the company traded hands, compared to its average volume of 12,547. The stock’s fifty day moving average price is $82.64 and its 200 day moving average price is $80.98. The firm has a market cap of $284.18 million, a price-to-earnings ratio of 13.04 and a beta of 0.55. SPDR S&P Global Dividend ETF has a 12-month low of $71.44 and a 12-month high of $85.88.

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

A number of institutional investors and hedge funds have recently modified their holdings of WDIV. Cornerstone Planning Group LLC purchased a new stake in shares of SPDR S&P Global Dividend ETF during the fourth quarter worth about $25,000. Lloyd Advisory Services LLC. purchased a new position in SPDR S&P Global Dividend ETF during the fourth quarter worth about $27,000. Western Wealth Management LLC acquired a new stake in shares of SPDR S&P Global Dividend ETF in the first quarter valued at $45,000. Continuum Advisory LLC purchased a new stake in SPDR S&P Global Dividend ETF during the 2nd quarter worth approximately $59,000. Finally, Fifth Third Bancorp acquired a new position in SPDR S&P Global Dividend ETF during the 1st quarter worth $62,000.

SPDR S&P Global Dividend ETF Company Profile

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.