Short Interest in SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) Decreases By 90.3%

SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 4,876 shares, a drop of 90.3% from the July 30th total of 50,521 shares. Based on an average daily volume of 5,741 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

SPDR S&P Global Dividend ETF Trading Down 0.2%

NYSEARCA:WDIV traded down $0.17 on Wednesday, hitting $85.65. The company’s stock had a trading volume of 1,704 shares, compared to its average volume of 12,593. SPDR S&P Global Dividend ETF has a one year low of $71.44 and a one year high of $85.88. The firm has a market capitalization of $285.21 million, a P/E ratio of 13.04 and a beta of 0.55. The stock has a fifty day moving average of $82.55 and a two-hundred day moving average of $80.94.

Hedge Funds Weigh In On SPDR S&P Global Dividend ETF

Several large investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC bought a new stake in shares of SPDR S&P Global Dividend ETF during the fourth quarter worth approximately $25,000. Lloyd Advisory Services LLC. acquired a new position in SPDR S&P Global Dividend ETF in the 4th quarter valued at $27,000. Western Wealth Management LLC acquired a new stake in shares of SPDR S&P Global Dividend ETF during the first quarter worth $45,000. Continuum Advisory LLC bought a new stake in shares of SPDR S&P Global Dividend ETF in the second quarter valued at about $59,000. Finally, Fifth Third Bancorp bought a new stake in shares of SPDR S&P Global Dividend ETF in the first quarter valued at about $62,000.

About SPDR S&P Global Dividend ETF

The SPDR S&P Global Dividend ETF (WDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of 100 high-dividend-yielding stocks from the S&P Global BMI Index. Constituents are selected and weighted by dividends. WDIV was launched on May 29, 2013 and is managed by State Street.