SPDR Global Dow ETF (NYSEARCA:DGT) Sees Large Decrease in Short Interest

SPDR Global Dow ETF (NYSEARCA:DGT) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 23,031 shares, a drop of 30.6% from the February 26th total of 33,201 shares. Based on an average daily volume of 20,120 shares, the short-interest ratio is currently 1.1 days. Currently, 0.8% of the shares of the stock are sold short.

SPDR Global Dow ETF Stock Performance

Shares of NYSEARCA DGT traded up $0.29 during mid-day trading on Monday, hitting $165.48. 31,756 shares of the stock were exchanged, compared to its average volume of 22,598. The company has a market cap of $501.40 million, a P/E ratio of 15.93 and a beta of 0.88. The stock’s fifty day simple moving average is $174.15 and its two-hundred day simple moving average is $168.20. SPDR Global Dow ETF has a twelve month low of $121.09 and a twelve month high of $180.90.

Institutional Investors Weigh In On SPDR Global Dow ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its holdings in shares of SPDR Global Dow ETF by 234.5% during the first 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 last quarter. CW Advisors LLC bought a new position in shares of SPDR Global Dow ETF in the second quarter valued at about $220,000. Flow Traders U.S. LLC acquired a new position in SPDR Global Dow ETF during the 2nd quarter worth about $2,824,000. Raymond James Financial Inc. lifted its position in SPDR Global Dow ETF by 20.6% during the 2nd quarter. Raymond James Financial Inc. now owns 11,843 shares of the company’s stock worth $1,784,000 after buying an additional 2,019 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in SPDR Global Dow ETF during the 2nd quarter worth about $5,125,000.

SPDR Global Dow ETF Company Profile

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.