SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Large Growth in Short Interest

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 68,325 shares, a growth of 279.6% from the April 15th total of 17,999 shares. Based on an average daily trading volume, of 136,370 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 0.7%

SPGM traded up $0.60 on Wednesday, reaching $85.21. The stock had a trading volume of 136,459 shares, compared to its average volume of 197,429. SPDR Portfolio MSCI Global Stock Market ETF has a 12-month low of $65.17 and a 12-month high of $85.29. The business’s 50-day moving average price is $79.26 and its two-hundred day moving average price is $78.24. The company has a market cap of $1.61 billion, a P/E ratio of 20.63 and a beta of 0.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPGM. JPMorgan Chase & Co. increased its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the second quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock valued at $6,831,000 after buying an additional 85,632 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 64.4% in the second quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock valued at $785,000 after buying an additional 4,460 shares in the last quarter. Fairway Wealth LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF in the third quarter valued at $62,000. Acima Private Wealth LLC increased its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 14.6% in the third quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock valued at $126,000 after buying an additional 214 shares in the last quarter. Finally, Holos Integrated Wealth LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at $682,000.

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.