SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Sees Large Drop in Short Interest

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) was the recipient of a significant decline in short interest in 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 3,269,140 shares, the short-interest ratio is presently 0.6 days.

SPDR Portfolio Developed World ex-US ETF Trading Up 0.2%

Shares of NYSEARCA SPDW opened at $49.45 on Tuesday. SPDR Portfolio Developed World ex-US ETF has a twelve month low of $41.99 and a twelve month high of $52.43. The company has a market capitalization of $40.96 billion, a price-to-earnings ratio of 16.12 and a beta of 0.85. The firm has a 50-day moving average of $50.59 and a two-hundred day moving average of $49.36.

Institutional Trading of SPDR Portfolio Developed World ex-US ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vantagepoint Investment Advisers LLC bought a new position in shares of SPDR Portfolio Developed World ex-US ETF in the third quarter valued at $308,551,000. Commonwealth Equity Services LLC bought a new stake in shares of SPDR Portfolio Developed World ex-US ETF during the 3rd quarter worth $301,943,000. Advocacy Wealth Management LLC boosted its stake in shares of SPDR Portfolio Developed World ex-US ETF by 9.2% during the 2nd quarter. Advocacy Wealth Management LLC now owns 2,268,369 shares of the company’s stock worth $114,303,000 after acquiring an additional 191,999 shares in the last quarter. Gradient Investments LLC acquired a new position in shares of SPDR Portfolio Developed World ex-US ETF in the 3rd quarter worth $108,388,000. Finally, AlphaStar Capital Management LLC grew its holdings in shares of SPDR Portfolio Developed World ex-US ETF by 7.8% in the 3rd 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.