Short Interest in SPDR Global Dow ETF (NYSEARCA:DGT) Decreases By 38.5%

SPDR Global Dow ETF (NYSEARCA:DGT) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 11,270 shares, a decline of 38.5% from the April 30th total of 18,332 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,795 shares, the short-interest ratio is presently 0.5 days.

SPDR Global Dow ETF Stock Performance

Shares of DGT stock traded up $0.36 during trading on Thursday, hitting $187.66. The company had a trading volume of 2,248 shares, compared to its average volume of 20,204. The firm has a market capitalization of $609.90 million, a P/E ratio of 15.93 and a beta of 0.81. The stock’s 50-day moving average price is $179.26 and its 200 day moving average price is $173.80. SPDR Global Dow ETF has a one year low of $144.54 and a one year high of $188.68.

Institutional Investors Weigh In On SPDR Global Dow ETF

Several institutional investors have recently made changes to their positions in the stock. Members Advisory Group LLC lifted its holdings in shares of SPDR Global Dow ETF by 58.2% during the 4th quarter. Members Advisory Group LLC now owns 119,871 shares of the company’s stock worth $19,984,000 after acquiring an additional 44,113 shares during the period. Jane Street Group LLC lifted its holdings in shares of SPDR Global Dow ETF by 234.5% during the 1st quarter. Jane Street Group LLC now owns 54,936 shares of the company’s stock worth $7,680,000 after acquiring an additional 38,512 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of SPDR Global Dow ETF during the 2nd quarter worth approximately $5,125,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SPDR Global Dow ETF by 392.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 27,130 shares of the company’s stock worth $4,523,000 after acquiring an additional 21,621 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of SPDR Global Dow ETF by 49.6% during the 4th quarter. Cetera Investment Advisers now owns 59,202 shares of the company’s stock worth $9,869,000 after acquiring an additional 19,625 shares during the period.

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.