SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Stock Short Interest Drops 42.9%

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,011,311 shares, a decline of 42.9% from the September 30th total of 3,521,709 shares. Based on an average daily trading volume, of 3,269,140 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

SPDR Portfolio Developed World ex-US ETF Stock Down 1.4%

NYSEARCA:SPDW traded down $0.70 during mid-day trading on Friday, reaching $49.35. 3,782,054 shares of the company were exchanged, compared to its average volume of 3,913,678. SPDR Portfolio Developed World ex-US ETF has a 12 month low of $41.99 and a 12 month high of $52.43. The company has a fifty day moving average of $50.64 and a 200 day moving average of $49.34. The stock has a market cap of $40.88 billion, a PE ratio of 16.12 and a beta of 0.85.

Hedge Funds Weigh In On SPDR Portfolio Developed World ex-US ETF

Large investors have recently modified their holdings of the stock. Vantagepoint Investment Advisers LLC acquired a new position in SPDR Portfolio Developed World ex-US ETF during the 3rd quarter worth $308,551,000. Advocacy Wealth Management LLC increased its stake in shares of SPDR Portfolio Developed World ex-US ETF by 9.2% in the 2nd quarter. Advocacy Wealth Management LLC now owns 2,268,369 shares of the company’s stock valued at $114,303,000 after buying an additional 191,999 shares during the period. Cetera Investment Advisers increased its stake in shares of SPDR Portfolio Developed World ex-US ETF by 5.0% in the 1st quarter. Cetera Investment Advisers now owns 2,259,941 shares of the company’s stock valued at $103,166,000 after buying an additional 108,548 shares during the period. Gradient Investments LLC bought a new stake in shares of SPDR Portfolio Developed World ex-US ETF during the third quarter worth $108,388,000. Finally, AlphaStar Capital Management LLC raised its position in shares of SPDR Portfolio Developed World ex-US ETF by 7.8% during the third quarter. AlphaStar Capital Management LLC now owns 2,075,523 shares of the company’s stock worth $104,212,000 after acquiring an additional 150,239 shares during the last quarter.

SPDR Portfolio Developed World ex-US ETF Company Profile

SPDR S&P World ex US ETF (the Fund) seeks to replicate as closely as possible total return performance of the S&P/Citigroup BMI World Ex US Index (the Index). The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in developed countries outside the United States. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.