SPDR Global Dow ETF (NYSEARCA:DGT) Short Interest Down 38.5% in May

SPDR Global Dow ETF (NYSEARCA:DGT) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 11,270 shares, a decline of 38.5% from the April 30th total of 18,332 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 24,795 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On SPDR Global Dow ETF

A number of hedge funds have recently made changes to their positions in DGT. Members Advisory Group LLC raised its stake in shares of SPDR Global Dow ETF by 58.2% during the 4th quarter. Members Advisory Group LLC now owns 119,871 shares of the company’s stock worth $19,984,000 after purchasing an additional 44,113 shares during the period. Jane Street Group LLC raised its stake in shares of SPDR Global Dow ETF by 234.5% during the 1st quarter. Jane Street Group LLC now owns 54,936 shares of the company’s stock worth $7,680,000 after purchasing an additional 38,512 shares during the period. Ameriprise Financial Inc. purchased a new stake in SPDR Global Dow ETF in the 2nd quarter worth about $5,125,000. Northwestern Mutual Wealth Management Co. increased its holdings in SPDR Global Dow ETF by 392.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 27,130 shares of the company’s stock worth $4,523,000 after acquiring an additional 21,621 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in SPDR Global Dow ETF by 49.6% in the 4th quarter. Cetera Investment Advisers now owns 59,202 shares of the company’s stock worth $9,869,000 after acquiring an additional 19,625 shares during the last quarter.

SPDR Global Dow ETF Price Performance

NYSEARCA DGT opened at $188.15 on Friday. The stock has a market capitalization of $611.49 million, a price-to-earnings ratio of 15.93 and a beta of 0.81. SPDR Global Dow ETF has a one year low of $144.54 and a one year high of $188.68. The business’s fifty day moving average is $179.67 and its 200-day moving average is $173.96.

About SPDR Global Dow ETF

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.