SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Large Increase in Short Interest

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 45,912 shares, a growth of 64.0% from the December 31st total of 27,991 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 116,559 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 116,559 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

SPDR Portfolio MSCI Global Stock Market ETF Stock Performance

Shares of NYSEARCA SPGM traded down $0.76 during midday trading on Friday, reaching $79.11. The stock had a trading volume of 682,754 shares, compared to its average volume of 171,993. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 20.63 and a beta of 0.93. SPDR Portfolio MSCI Global Stock Market ETF has a 12-month low of $54.21 and a 12-month high of $80.28. The stock has a 50-day moving average of $77.40 and a 200-day moving average of $74.92.

Institutional Investors Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SPGM. Fairway Wealth LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the third quarter worth about $62,000. Acima Private Wealth LLC boosted its stake in SPDR Portfolio MSCI Global Stock Market ETF by 14.6% in the third quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock valued at $126,000 after acquiring an additional 214 shares in the last quarter. Farther Finance Advisors LLC increased its position in SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the 4th quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock valued at $377,000 after buying an additional 4,491 shares in the last quarter. Holos Integrated Wealth LLC acquired a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at about $682,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 64.4% in the second quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock worth $785,000 after buying an additional 4,460 shares during the last quarter.

SPDR Portfolio MSCI Global Stock Market ETF Company Profile

The SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is an exchange-traded fund that is based on the MSCI AC World IMI index, a market-cap-weighted index of global stocks covering 99% of the developed and emerging markets capitalization. SPGM was launched on Feb 27, 2012 and is managed by State Street.