SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 70,784 shares, a growth of 126.1% from the September 30th total of 31,303 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 160,427 shares, the days-to-cover ratio is presently 0.4 days.
SPDR Portfolio MSCI Global Stock Market ETF Stock Down 1.8%
Shares of NYSEARCA:SPGM opened at $85.04 on Friday. The stock has a market cap of $1.79 billion, a PE ratio of 20.63 and a beta of 0.92. SPDR Portfolio MSCI Global Stock Market ETF has a 52 week low of $73.12 and a 52 week high of $88.84. The company’s fifty day moving average is $87.02 and its 200 day moving average is $83.43.
Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF
Several institutional investors have recently added to or reduced their stakes in the business. DGS Capital Management LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the first quarter worth $354,000. Stillwater Private Wealth LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter valued at approximately $891,000. Finally, Ethos Financial Group LLC increased its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 6.7% in the 1st quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock worth $9,623,000 after buying an additional 7,927 shares during the last quarter.
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.
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