SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Short Interest Down 53.9% in June

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 51,123 shares, a drop of 53.9% from the May 31st total of 110,991 shares. Based on an average daily volume of 215,844 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are sold short.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.7%

Shares of SPDR Portfolio MSCI Global Stock Market ETF stock traded up $0.62 during trading on Tuesday, reaching $85.67. 80,545 shares of the company were exchanged, compared to its average volume of 211,321. The business has a 50-day moving average price of $84.44 and a 200-day moving average price of $80.36. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. SPDR Portfolio MSCI Global Stock Market ETF has a twelve month low of $68.85 and a twelve month high of $86.84.

Hedge Funds Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

Several institutional investors have recently modified their holdings of the stock. Basepoint Wealth LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at about $72,000. Horizon Investments LLC bought a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth approximately $135,000. DGS Capital Management LLC bought a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter worth approximately $354,000. Farther Finance Advisors LLC grew its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the fourth quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock valued at $377,000 after purchasing an additional 4,491 shares during the period. Finally, 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.

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.