SPDR Global Dow ETF (NYSEARCA:DGT) Shares Shorted: Short Interest Down 50.1% in October

SPDR Global Dow ETF (NYSEARCA:DGT) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 6,459 shares, a decline of 50.1% from the September 30th total of 12,937 shares. Based on an average daily trading volume, of 15,589 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

SPDR Global Dow ETF Stock Up 0.9%

DGT traded up $1.68 during trading on Monday, hitting $190.66. The company’s stock had a trading volume of 9,901 shares, compared to its average volume of 15,746. The firm has a market cap of $663.50 million, a PE ratio of 15.93 and a beta of 0.82. SPDR Global Dow ETF has a one year low of $159.87 and a one year high of $193.03. The business’s 50 day simple moving average is $189.13 and its 200-day simple moving average is $182.61.

Hedge Funds Weigh In On SPDR Global Dow ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Members Advisory Group LLC increased its holdings in shares of SPDR Global Dow ETF by 4.3% in the first quarter. Members Advisory Group LLC now owns 124,976 shares of the company’s stock valued at $21,191,000 after purchasing an additional 5,105 shares during the period. Fagan Associates Inc. purchased a new stake in SPDR Global Dow ETF in the third quarter valued at approximately $13,778,000. Cetera Investment Advisers boosted its position in SPDR Global Dow ETF by 19.7% in the first quarter. Cetera Investment Advisers now owns 70,882 shares of the company’s stock valued at $12,018,000 after buying an additional 11,680 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its position in SPDR Global Dow ETF by 29.6% in the third quarter. Onyx Bridge Wealth Group LLC now owns 42,756 shares of the company’s stock valued at $7,938,000 after buying an additional 9,753 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in SPDR Global Dow ETF by 6.3% in the 1st quarter. Bleakley Financial Group LLC now owns 38,566 shares of the company’s stock worth $6,539,000 after buying an additional 2,286 shares during the period.

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.