SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Significant Decrease in Short Interest

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

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

NYSEARCA SPGM opened at $84.16 on Monday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 20.63 and a beta of 0.92. The firm’s 50-day moving average is $84.37 and its two-hundred day moving average is $80.30. SPDR Portfolio MSCI Global Stock Market ETF has a 12 month low of $68.41 and a 12 month high of $86.84.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the second quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock valued at $6,831,000 after purchasing an additional 85,632 shares in the last quarter. Stillwater Private Wealth LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter worth approximately $891,000. Betterment LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth approximately $781,000. Holos Integrated Wealth LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth approximately $682,000. Finally, Ethos Financial Group LLC lifted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 6.7% during the 1st quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock worth $9,623,000 after buying an additional 7,927 shares in 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.