SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Short Interest Down 65.1% in February

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 20,560 shares, a decline of 65.1% from the January 29th total of 58,913 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 96,078 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 96,078 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Betterment LLC purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth approximately $781,000. Basepoint Wealth LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at approximately $72,000. Horizon Investments LLC acquired a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth $135,000. Farther Finance Advisors LLC lifted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the 4th quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock valued at $377,000 after purchasing an additional 4,491 shares during the last quarter. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth $682,000.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

Shares of NYSEARCA SPGM opened at $81.18 on Thursday. The company has a 50 day simple moving average of $78.77 and a 200 day simple moving average of $76.14. SPDR Portfolio MSCI Global Stock Market ETF has a 1 year low of $54.21 and a 1 year high of $81.19. The firm has a market cap of $1.51 billion, a PE ratio of 20.63 and a beta of 0.93.

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.