SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Stock Short Interest Jumps 126.1%

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 70,784 shares, an increase of 126.1% from the September 30th total of 31,303 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 160,427 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. DGS Capital Management LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the first quarter worth approximately $354,000. Ethos Financial Group LLC lifted its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 6.7% during the 1st quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock valued at $9,623,000 after acquiring an additional 7,927 shares during the period. Finally, Stillwater Private Wealth LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter valued at $891,000.

SPDR Portfolio MSCI Global Stock Market ETF Stock Down 1.8%

SPGM traded down $1.58 during trading hours on Friday, hitting $85.04. 50,082 shares of the company’s stock were exchanged, compared to its average volume of 182,503. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. SPDR Portfolio MSCI Global Stock Market ETF has a 1-year low of $73.12 and a 1-year high of $88.84. The stock’s 50-day moving average is $87.02 and its two-hundred day moving average is $83.43.

About SPDR Portfolio MSCI Global Stock Market ETF

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.