SPDR MSCI World StrategicFactors ETF (NYSEARCA:QWLD) Stock Short Interest Drops 44.2%

SPDR MSCI World StrategicFactors ETF (NYSEARCA:QWLD) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,861 shares, a drop of 44.2% from the September 15th total of 3,336 shares. Based on an average daily volume of 1,691 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.2% of the shares of the company are sold short.

SPDR MSCI World StrategicFactors ETF Stock Up 0.9%

Shares of NYSEARCA QWLD traded up $1.47 during mid-day trading on Thursday, hitting $157.83. 678 shares of the company were exchanged, compared to its average volume of 4,134. The stock has a 50 day simple moving average of $157.18 and a 200-day simple moving average of $153.10. SPDR MSCI World StrategicFactors ETF has a 1-year low of $138.47 and a 1-year high of $159.78. The firm has a market cap of $176.77 million, a price-to-earnings ratio of 19.41 and a beta of 0.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in QWLD. Assetmark Inc. boosted its holdings in SPDR MSCI World StrategicFactors ETF by 2.1% in the 1st quarter. Assetmark Inc. now owns 36,045 shares of the company’s stock valued at $5,159,000 after purchasing an additional 755 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SPDR MSCI World StrategicFactors ETF by 8.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,282 shares of the company’s stock worth $802,000 after buying an additional 394 shares in the last quarter. First Heartland Consultants Inc. purchased a new position in shares of SPDR MSCI World StrategicFactors ETF during the 3rd quarter worth approximately $744,000. Birchwood Financial Partners Inc. acquired a new stake in shares of SPDR MSCI World StrategicFactors ETF in the 4th quarter valued at approximately $397,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of SPDR MSCI World StrategicFactors ETF in the 2nd quarter valued at approximately $116,000.

SPDR MSCI World StrategicFactors ETF Company Profile

The SPDR MSCI World StrategicFactors ETF (QWLD) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed-market securities that consists of 3 subindexes based on value, minimum volatility and quality. QWLD was launched on Jun 4, 2014 and is managed by State Street.