Short Interest in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Expands By 28.3%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 58,913 shares, an increase of 28.3% from the January 15th total of 45,912 shares. Based on an average daily trading volume, of 227,520 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 227,520 shares, the short-interest ratio is presently 0.3 days.

SPDR Portfolio MSCI Global Stock Market ETF Stock Performance

Shares of SPGM stock opened at $79.71 on Wednesday. The stock’s 50 day simple moving average is $78.30 and its 200 day simple moving average is $75.76. SPDR Portfolio MSCI Global Stock Market ETF has a twelve month low of $54.21 and a twelve month high of $81.00. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 20.63 and a beta of 0.93.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the third quarter worth $62,000. Basepoint Wealth LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth $72,000. Acima Private Wealth LLC grew its position in SPDR Portfolio MSCI Global Stock Market ETF by 14.6% in the 3rd quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock worth $126,000 after purchasing an additional 214 shares during the last quarter. Horizon Investments LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth about $135,000. Finally, Farther Finance Advisors LLC raised its position in shares of 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 buying an additional 4,491 shares during the last quarter.

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.