SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Stock Short Interest Falls 77.7%

SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 63,816 shares, a decline of 77.7% from the October 15th total of 285,827 shares. Based on an average daily trading volume, of 92,093 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On SPDR Dow Jones Global Real Estate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp increased its position in SPDR Dow Jones Global Real Estate ETF by 7.2% in the 3rd quarter. State Street Corp now owns 6,463,413 shares of the company’s stock valued at $299,902,000 after acquiring an additional 433,765 shares during the period. Bank of America Corp DE lifted its position in SPDR Dow Jones Global Real Estate ETF by 3.8% during the 1st quarter. Bank of America Corp DE now owns 1,570,009 shares of the company’s stock worth $71,859,000 after acquiring an additional 57,750 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of SPDR Dow Jones Global Real Estate ETF by 81.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 652,424 shares of the company’s stock valued at $32,116,000 after purchasing an additional 293,786 shares during the last quarter. Brighton Jones LLC purchased a new position in shares of SPDR Dow Jones Global Real Estate ETF in the 3rd quarter valued at approximately $12,944,000. Finally, Modera Wealth Management LLC acquired a new position in shares of SPDR Dow Jones Global Real Estate ETF in the third quarter valued at approximately $9,110,000.

SPDR Dow Jones Global Real Estate ETF Price Performance

RWO stock opened at $49.01 on Thursday. The company has a fifty day moving average price of $47.65 and a 200 day moving average price of $48.72. SPDR Dow Jones Global Real Estate ETF has a 12 month low of $44.68 and a 12 month high of $52.26. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 23.34 and a beta of 0.90.

About SPDR Dow Jones Global Real Estate ETF

SPDR Dow Jones Global Real Estate ETF (the Fund), formerly SPDR DJ Wilshire Global Real Estate ETF, seeks to replicate as closely as possible the price and yield performance of the Dow Jones Global Select Real Estate Securities Index (the Index), an index based upon the global real estate market. The Index is a float-adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries. The Fund’s investment manager is SSgA Funds Management, Inc.