SPDR Global Dow ETF (NYSEARCA:DGT) Short Interest Down 58.3% in July

SPDR Global Dow ETF (NYSEARCA:DGT) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 5,712 shares, a decline of 58.3% from the July 15th total of 13,695 shares. Based on an average trading volume of 8,493 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of SPDR Global Dow ETF

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC increased its position in shares of SPDR Global Dow ETF by 234.5% in the first quarter. Jane Street Group LLC now owns 54,936 shares of the company’s stock valued at $7,680,000 after acquiring an additional 38,512 shares during the period. CW Advisors LLC purchased a new stake in SPDR Global Dow ETF in the 2nd quarter worth approximately $220,000. Raymond James Financial Inc. lifted its holdings in SPDR Global Dow ETF by 20.6% in the 2nd quarter. Raymond James Financial Inc. now owns 11,843 shares of the company’s stock worth $1,784,000 after buying an additional 2,019 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of SPDR Global Dow ETF in the 2nd quarter worth approximately $5,125,000. Finally, Bank of America Corp DE grew its position in shares of SPDR Global Dow ETF by 85.4% in the 2nd quarter. Bank of America Corp DE now owns 32,294 shares of the company’s stock worth $4,865,000 after buying an additional 14,871 shares during the last quarter.

SPDR Global Dow ETF Stock Performance

DGT stock traded down $0.27 during trading on Friday, hitting $192.31. 8,113 shares of the company traded hands, compared to its average volume of 17,595. The company has a 50-day moving average of $186.43 and a 200-day moving average of $180.71. SPDR Global Dow ETF has a 1 year low of $154.39 and a 1 year high of $192.95. The firm has a market capitalization of $630.78 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.