Short Interest in SPDR Global Dow ETF (NYSEARCA:DGT) Increases By 59.2%

SPDR Global Dow ETF (NYSEARCA:DGT) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 16,490 shares, an increase of 59.2% from the August 15th total of 10,361 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 7,344 shares, the days-to-cover ratio is currently 2.2 days.

Hedge Funds Weigh In On SPDR Global Dow ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its position in SPDR Global Dow ETF by 7.0% in the 1st quarter. Sanctuary Advisors LLC now owns 1,595 shares of the company’s stock worth $270,000 after buying an additional 105 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of SPDR Global Dow ETF by 6.6% in the second quarter. Integrated Wealth Concepts LLC now owns 1,978 shares of the company’s stock valued at $365,000 after acquiring an additional 122 shares during the period. Asset Management Group Inc. boosted its position in shares of SPDR Global Dow ETF by 1.4% in the fourth quarter. Asset Management Group Inc. now owns 12,780 shares of the company’s stock valued at $2,130,000 after acquiring an additional 174 shares during the period. Advisors Preferred LLC grew its stake in shares of SPDR Global Dow ETF by 100.0% in the first quarter. Advisors Preferred LLC now owns 430 shares of the company’s stock worth $73,000 after acquiring an additional 215 shares during the last quarter. Finally, Nwam LLC grew its stake in shares of SPDR Global Dow ETF by 2.0% in the first quarter. Nwam LLC now owns 15,413 shares of the company’s stock worth $2,613,000 after acquiring an additional 299 shares during the last quarter.

SPDR Global Dow ETF Stock Performance

Shares of NYSEARCA DGT traded up $2.24 during trading on Thursday, reaching $190.08. The stock had a trading volume of 6,226 shares, compared to its average volume of 16,398. The firm’s 50 day moving average price is $189.16 and its two-hundred day moving average price is $182.99. SPDR Global Dow ETF has a one year low of $159.13 and a one year high of $193.03. The stock has a market cap of $587.35 million, a PE ratio of 15.93 and a beta of 0.81.

About SPDR Global Dow ETF

SPDR Global Dow ETF (the Fund), formerly SPDR DJ Global Titans ETF, is an open-end investment management company. The Fund seeks to replicate as closely as possible, the performance of the Dow Jones Global Titans 50 Index U.S. Close (the Index). The Index includes 50 stocks of multinational blue-chip companies that are traded on United States or foreign stock exchange. The Index component stocks are chosen by Dow Jones based on the combination of market data and fundamental data, such as float-adjusted market capitalization, sales/revenue and net profit.