Short Interest in SPDR Global Dow ETF (NYSEARCA:DGT) Decreases By 23.6%

SPDR Global Dow ETF (NYSEARCA:DGT) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 8,996 shares, a decrease of 23.6% from the January 29th total of 11,772 shares. Based on an average daily volume of 24,008 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 24,008 shares, the short-interest ratio is presently 0.4 days.

SPDR Global Dow ETF Price Performance

Shares of DGT traded up $1.53 during trading hours on Wednesday, hitting $176.53. The stock had a trading volume of 21,193 shares, compared to its average volume of 24,847. SPDR Global Dow ETF has a 1-year low of $121.09 and a 1-year high of $180.90. The firm has a market capitalization of $534.89 million, a P/E ratio of 15.93 and a beta of 0.88. The firm has a 50 day simple moving average of $173.58 and a 200-day simple moving average of $166.49.

Hedge Funds Weigh In On SPDR Global Dow ETF

Institutional investors have recently modified their holdings of the company. Compound Planning Inc. boosted its position in SPDR Global Dow ETF by 5.7% in the fourth quarter. Compound Planning Inc. now owns 6,415 shares of the company’s stock worth $1,069,000 after purchasing an additional 344 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its holdings in shares of SPDR Global Dow ETF by 5.1% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 43,662 shares of the company’s stock worth $7,279,000 after buying an additional 2,128 shares during the last quarter. Obsidian Cio LLC bought a new position in SPDR Global Dow ETF during the fourth quarter valued at about $288,000. Garton & Associates Financial Advisors LLC purchased a new stake in SPDR Global Dow ETF during the fourth quarter worth about $102,000. Finally, IHT Wealth Management LLC increased its holdings in SPDR Global Dow ETF by 19.5% during the fourth quarter. IHT Wealth Management LLC now owns 3,752 shares of the company’s stock worth $625,000 after buying an additional 611 shares during the last quarter.

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.