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

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 27,991 shares, a decline of 39.4% from the December 15th total of 46,195 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 113,712 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 113,712 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

A number of large investors have recently modified their holdings of SPGM. Acima Private Wealth LLC increased its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 14.6% in the 3rd quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock valued at $126,000 after acquiring an additional 214 shares during the period. Fairway Wealth LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 3rd quarter valued at about $62,000. Private Trust Co. NA increased its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 24.9% in the third quarter. Private Trust Co. NA now owns 12,926 shares of the company’s stock valued at $968,000 after purchasing an additional 2,578 shares during the period. Ameriprise Financial Inc. raised its stake in shares of 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 worth $785,000 after purchasing an additional 4,460 shares during the last quarter. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth about $682,000.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.1%

SPGM stock traded up $0.09 during trading on Friday, hitting $78.93. The company had a trading volume of 137,165 shares, compared to its average volume of 117,961. SPDR Portfolio MSCI Global Stock Market ETF has a 52-week low of $54.21 and a 52-week high of $79.22. The company has a 50 day simple moving average of $76.64 and a 200-day simple moving average of $74.15. The firm has a market capitalization of $1.37 billion, a P/E 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.