SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 32,377 shares, a decrease of 74.5% from the August 15th total of 127,173 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 108,217 shares, the short-interest ratio is currently 0.3 days.
SPDR Portfolio MSCI Global Stock Market ETF Price Performance
NYSEARCA:SPGM traded down $0.68 during trading hours on Monday, reaching $86.67. 38,397 shares of the company traded hands, compared to its average volume of 197,377. The firm’s 50-day moving average is $86.59 and its 200-day moving average is $83.43. The stock has a market cap of $1.75 billion, a P/E ratio of 20.63 and a beta of 0.92. SPDR Portfolio MSCI Global Stock Market ETF has a 1-year low of $73.12 and a 1-year high of $88.84.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Stillwater Private Wealth LLC purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 1st quarter worth $891,000. Ethos Financial Group LLC grew its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 6.7% during the 1st quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock valued at $9,623,000 after purchasing an additional 7,927 shares in the last quarter. DGS Capital Management LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the first quarter valued at about $354,000. Finally, Basepoint Wealth LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at approximately $72,000.
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.
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