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

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 45,912 shares, an increase of 64.0% from the December 31st total of 27,991 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 116,559 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 116,559 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

SPDR Portfolio MSCI Global Stock Market ETF Trading Down 0.8%

SPGM stock opened at $79.24 on Monday. The stock has a 50-day moving average price of $77.40 and a 200-day moving average price of $74.96. SPDR Portfolio MSCI Global Stock Market ETF has a 1-year low of $54.21 and a 1-year high of $80.28. The firm has a market cap of $1.47 billion, a PE ratio of 20.63 and a beta of 0.93.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

Several institutional investors and hedge funds have recently modified their holdings of SPGM. Acima Private Wealth LLC boosted its stake 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 period. Fairway Wealth LLC purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the third quarter valued at $62,000. Private Trust Co. NA raised its position in SPDR Portfolio MSCI Global Stock Market ETF by 24.9% in the 3rd quarter. Private Trust Co. NA now owns 12,926 shares of the company’s stock worth $968,000 after purchasing an additional 2,578 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 64.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock worth $785,000 after buying an additional 4,460 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% in the fourth quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock worth $377,000 after purchasing an additional 4,491 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.