SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Shares Shorted: Short Interest Down 77.7% in October

SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 63,816 shares, a decline of 77.7% from the October 15th total of 285,827 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 92,093 shares, the days-to-cover ratio is presently 0.7 days.

SPDR Dow Jones Global Real Estate ETF Stock Performance

Shares of RWO opened at $49.01 on Thursday. The stock has a market capitalization of $1.28 billion, a P/E ratio of 23.34 and a beta of 0.90. SPDR Dow Jones Global Real Estate ETF has a 1 year low of $44.68 and a 1 year high of $52.26. The company’s fifty day moving average is $47.65 and its two-hundred day moving average is $48.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Balance Wealth Partners LLC purchased a new position in SPDR Dow Jones Global Real Estate ETF during the third quarter worth about $29,000. Brown Lisle Cummings Inc. boosted its holdings in SPDR Dow Jones Global Real Estate ETF by 1,008.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 676 shares of the company’s stock valued at $34,000 after purchasing an additional 615 shares in the last quarter. Allworth Financial LP boosted its holdings in SPDR Dow Jones Global Real Estate ETF by 262.5% in the 2nd quarter. Allworth Financial LP now owns 725 shares of the company’s stock valued at $34,000 after purchasing an additional 525 shares in the last quarter. First Community Trust NA purchased a new stake in SPDR Dow Jones Global Real Estate ETF in the 3rd quarter valued at approximately $42,000. Finally, Russell Investments Group Ltd. increased its position in SPDR Dow Jones Global Real Estate ETF by 1,324.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,154 shares of the company’s stock worth $54,000 after purchasing an additional 1,073 shares during the period.

About SPDR Dow Jones Global Real Estate ETF

SPDR Dow Jones Global Real Estate ETF (the Fund), formerly SPDR DJ Wilshire Global Real Estate ETF, seeks to replicate as closely as possible the price and yield performance of the Dow Jones Global Select Real Estate Securities Index (the Index), an index based upon the global real estate market. The Index is a float-adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries. The Fund’s investment manager is SSgA Funds Management, Inc.