SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Short Interest Up 2,484.6% in June

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 1,321,316 shares, a growth of 2,484.6% from the June 15th total of 51,123 shares. Approximately 6.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 407,415 shares, the short-interest ratio is presently 3.2 days.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

Shares of NYSEARCA SPGM traded up $0.36 during mid-day trading on Friday, hitting $86.01. 85,404 shares of the stock traded hands, compared to its average volume of 234,285. SPDR Portfolio MSCI Global Stock Market ETF has a twelve month low of $68.86 and a twelve month high of $86.84. The company has a market cap of $1.85 billion, a PE ratio of 20.63 and a beta of 0.92. The firm has a 50 day simple moving average of $85.07 and a two-hundred day simple moving average of $80.91.

Hedge Funds Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 640.5% during the second quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock worth $6,831,000 after purchasing an additional 85,632 shares during the last quarter. Ameriprise Financial Inc. boosted its position in SPDR Portfolio MSCI Global Stock Market ETF by 64.4% during 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. Holos Integrated Wealth LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth approximately $682,000. Farther Finance Advisors LLC grew its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the 4th quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock worth $377,000 after acquiring an additional 4,491 shares during the last quarter. Finally, Horizon Investments LLC bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth approximately $135,000.

About SPDR Portfolio MSCI Global Stock Market ETF

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.