Short Interest in SPDR Global Dow ETF (NYSEARCA:DGT) Rises By 81.4%

SPDR Global Dow ETF (NYSEARCA:DGT) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 10,361 shares, an increase of 81.4% from the July 30th total of 5,712 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 10,696 shares, the days-to-cover ratio is presently 1.0 days.

SPDR Global Dow ETF Trading Up 0.1%

DGT stock traded up $0.23 during midday trading on Friday, reaching $191.43. The company had a trading volume of 10,834 shares, compared to its average volume of 16,985. SPDR Global Dow ETF has a 1 year low of $154.39 and a 1 year high of $192.95. The company has a market capitalization of $627.89 million, a P/E ratio of 15.93 and a beta of 0.81. The company has a 50 day moving average of $187.49 and a two-hundred day moving average of $181.90.

Hedge Funds Weigh In On SPDR Global Dow ETF

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in SPDR Global Dow ETF during the first quarter worth $477,000. Vise Technologies Inc. acquired a new position in shares of SPDR Global Dow ETF during the 4th quarter valued at about $1,240,000. Perryman Financial Advisory Inc. AD acquired a new position in shares of SPDR Global Dow ETF during the 4th quarter valued at about $498,000. ARQ Wealth Advisors LLC raised its stake in shares of SPDR Global Dow ETF by 25.3% in the 1st quarter. ARQ Wealth Advisors LLC now owns 16,994 shares of the company’s stock valued at $2,881,000 after acquiring an additional 3,436 shares in the last quarter. Finally, Members Advisory Group LLC raised its stake in shares of SPDR Global Dow ETF by 4.3% in the 1st quarter. Members Advisory Group LLC now owns 124,976 shares of the company’s stock valued at $21,191,000 after acquiring an additional 5,105 shares in 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.