SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM – Get Free Report) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,321,316 shares, an increase of 2,484.6% from the June 15th total of 51,123 shares. Based on an average daily trading volume, of 407,415 shares, the days-to-cover ratio is presently 3.2 days. Approximately 6.0% of the shares of the company are sold short.
Hedge Funds Weigh In On SPDR Portfolio MSCI Global Stock Market ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPGM. Holos Integrated Wealth LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth $682,000. Stillwater Private Wealth LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the first quarter valued at $891,000. Ameriprise Financial Inc. increased its stake 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 valued at $785,000 after buying an additional 4,460 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the second quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock valued at $6,831,000 after buying an additional 85,632 shares during the last quarter. Finally, Betterment LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth about $781,000.
SPDR Portfolio MSCI Global Stock Market ETF Stock Performance
Shares of SPGM traded up $0.36 during trading hours on Friday, reaching $86.01. 85,404 shares of the company traded hands, compared to its average volume of 234,285. The stock’s fifty day moving average is $85.07 and its 200 day moving average is $80.91. SPDR Portfolio MSCI Global Stock Market ETF has a 1-year low of $68.86 and a 1-year high of $86.84. The stock has a market cap of $1.90 billion, a P/E ratio of 20.63 and a beta of 0.92.
About SPDR Portfolio MSCI Global Stock Market ETF
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.
Read More
- Five stocks we like better than SPDR Portfolio MSCI Global Stock Market ETF
- AeroVironment Flies Under Wall Street’s Radar Toward a $4 Billion Target
- Micron’s $250 Billion Bet Could Reshape the AI Memory Race
- Rocket Lab’s Stock Drop Comes With a Bullish Twist
- Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
Receive News & Ratings for SPDR Portfolio MSCI Global Stock Market ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio MSCI Global Stock Market ETF and related companies with MarketBeat.com's FREE daily email newsletter.
