SPDR Global Dow ETF (NYSEARCA:DGT) Sees Significant Decrease in Short Interest

SPDR Global Dow ETF (NYSEARCA:DGT) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 6,459 shares, a decline of 50.1% from the September 30th total of 12,937 shares. Based on an average daily volume of 15,589 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

SPDR Global Dow ETF Stock Performance

NYSEARCA:DGT traded down $1.72 during mid-day trading on Friday, reaching $188.98. The stock had a trading volume of 12,319 shares, compared to its average volume of 15,777. The stock has a market capitalization of $657.65 million, a P/E ratio of 15.93 and a beta of 0.82. The firm has a 50 day moving average price of $189.13 and a two-hundred day moving average price of $182.61. SPDR Global Dow ETF has a one year low of $159.87 and a one year high of $193.03.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC purchased a new position in SPDR Global Dow ETF in the 1st quarter worth approximately $477,000. Members Advisory Group LLC lifted its position in SPDR Global Dow ETF by 4.3% in the first quarter. Members Advisory Group LLC now owns 124,976 shares of the company’s stock valued at $21,191,000 after purchasing an additional 5,105 shares during the last quarter. ARQ Wealth Advisors LLC boosted its stake in shares of SPDR Global Dow ETF by 25.3% during the first quarter. ARQ Wealth Advisors LLC now owns 16,994 shares of the company’s stock valued at $2,881,000 after purchasing an additional 3,436 shares during the period. Meridian Investment Counsel Inc. purchased a new stake in shares of SPDR Global Dow ETF during the third quarter valued at approximately $1,842,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of SPDR Global Dow ETF during the second quarter valued at approximately $299,000.

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.