Short Interest in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Declines By 65.1%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 20,560 shares, a drop of 65.1% from the January 29th total of 58,913 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 96,078 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 96,078 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC increased its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 179.5% in the second quarter. Flow Traders U.S. LLC now owns 241,495 shares of the company’s stock valued at $16,663,000 after buying an additional 155,095 shares in the last quarter. JPMorgan Chase & Co. increased its position in SPDR Portfolio MSCI Global Stock Market ETF by 640.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock worth $6,831,000 after purchasing an additional 85,632 shares in the last quarter. Betterment LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at approximately $781,000. Holos Integrated Wealth LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at approximately $682,000. Finally, Ameriprise Financial Inc. grew its stake in SPDR Portfolio MSCI Global Stock Market ETF by 42.2% during the third quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock worth $1,213,000 after buying an additional 4,808 shares during the period.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.8%

Shares of NYSEARCA SPGM opened at $81.18 on Thursday. SPDR Portfolio MSCI Global Stock Market ETF has a 52 week low of $54.21 and a 52 week high of $81.19. The business’s 50 day moving average price is $78.77 and its 200 day moving average price is $76.14. The firm has a market cap of $1.51 billion, a P/E ratio of 20.63 and a beta of 0.93.

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.