Short Interest in SPDR Global Dow ETF (NYSEARCA:DGT) Grows By 114.6%

SPDR Global Dow ETF (NYSEARCA:DGT) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 11,772 shares, a growth of 114.6% from the January 15th total of 5,486 shares. Based on an average daily volume of 24,257 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 24,257 shares, the days-to-cover ratio is presently 0.5 days.

SPDR Global Dow ETF Stock Performance

Shares of DGT stock opened at $178.41 on Friday. The company has a market capitalization of $540.58 million, a PE ratio of 15.93 and a beta of 0.88. The business’s fifty day moving average is $170.82 and its 200 day moving average is $164.20. SPDR Global Dow ETF has a 52-week low of $121.09 and a 52-week high of $180.53.

Institutional Investors Weigh In On SPDR Global Dow ETF

Institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of SPDR Global Dow ETF during the 3rd quarter valued at about $52,000. Bank of Montreal Can increased its stake in shares of SPDR Global Dow ETF by 186.7% in the 2nd quarter. Bank of Montreal Can now owns 430 shares of the company’s stock worth $65,000 after purchasing an additional 280 shares in the last quarter. Advisors Preferred LLC bought a new position in SPDR Global Dow ETF in the 3rd quarter worth $65,000. CWM LLC raised its holdings in SPDR Global Dow ETF by 17.4% in the 4th quarter. CWM LLC now owns 762 shares of the company’s stock worth $127,000 after purchasing an additional 113 shares during the period. Finally, CoreCap Advisors LLC lifted its position in SPDR Global Dow ETF by 30.1% during the fourth quarter. CoreCap Advisors LLC now owns 982 shares of the company’s stock valued at $164,000 after purchasing an additional 227 shares in the last quarter.

SPDR Global Dow ETF Company Profile

SPDR Global Dow ETF (the Fund), formerly SPDR DJ Global Titans ETF, is an open-end investment management company. The Fund seeks to replicate as closely as possible, the performance of the Dow Jones Global Titans 50 Index U.S. Close (the Index). The Index includes 50 stocks of multinational blue-chip companies that are traded on United States or foreign stock exchange. The Index component stocks are chosen by Dow Jones based on the combination of market data and fundamental data, such as float-adjusted market capitalization, sales/revenue and net profit.