Short Interest in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Decreases By 74.5%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 32,377 shares, a drop of 74.5% from the August 15th total of 127,173 shares. Based on an average daily trading volume, of 108,217 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

Shares of SPGM stock traded up $0.80 during midday trading on Friday, hitting $87.35. The company had a trading volume of 42,795 shares, compared to its average volume of 198,291. The company’s 50 day simple moving average is $86.59 and its 200 day simple moving average is $83.40. SPDR Portfolio MSCI Global Stock Market ETF has a 52-week low of $73.12 and a 52-week high of $88.84. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Ethos Financial Group LLC lifted its position in SPDR Portfolio MSCI Global Stock Market ETF by 6.7% in the first quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock valued at $9,623,000 after purchasing an additional 7,927 shares during the period. JPMorgan Chase & Co. increased its position in SPDR Portfolio MSCI Global Stock Market ETF by 640.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock worth $6,831,000 after purchasing an additional 85,632 shares during the period. Ameriprise Financial Inc. raised its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 42.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock worth $1,213,000 after buying an additional 4,808 shares in the last quarter. Stillwater Private Wealth LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 1st quarter valued at approximately $891,000. Finally, Betterment LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at approximately $781,000.

SPDR Portfolio MSCI Global Stock Market ETF Company Profile

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.