SPDR Global Dow ETF (NYSEARCA:DGT) Short Interest Down 23.4% in March
by Teresa Graham · The Cerbat GemSPDR Global Dow ETF (NYSEARCA:DGT – Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 17,631 shares, a drop of 23.4% from the March 15th total of 23,031 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 16,541 shares, the days-to-cover ratio is currently 1.1 days.
SPDR Global Dow ETF Price Performance
NYSEARCA:DGT traded up $0.30 during trading hours on Thursday, reaching $178.05. 12,184 shares of the stock were exchanged, compared to its average volume of 21,701. SPDR Global Dow ETF has a twelve month low of $130.51 and a twelve month high of $180.90. The stock has a market cap of $575.10 million, a PE ratio of 15.93 and a beta of 0.82. The firm has a 50 day moving average of $174.27 and a 200 day moving average of $169.31.
Institutional Trading of SPDR Global Dow ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC increased its position in shares of SPDR Global Dow ETF by 7.6% during the 4th quarter. LPL Financial LLC now owns 231,978 shares of the company’s stock worth $38,671,000 after purchasing an additional 16,365 shares during the last quarter. Members Advisory Group LLC raised its position in SPDR Global Dow ETF by 58.2% during the fourth quarter. Members Advisory Group LLC now owns 119,871 shares of the company’s stock worth $19,984,000 after acquiring an additional 44,113 shares in the last quarter. Fagan Associates Inc. grew its position in shares of SPDR Global Dow ETF by 3.3% in the 4th quarter. Fagan Associates Inc. now owns 75,266 shares of the company’s stock valued at $12,547,000 after acquiring an additional 2,426 shares during the period. Baltimore Washington Financial Advisors Inc. increased its stake in shares of SPDR Global Dow ETF by 6.0% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 74,515 shares of the company’s stock worth $12,053,000 after purchasing an additional 4,187 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in SPDR Global Dow ETF by 49.6% in the 4th quarter. Cetera Investment Advisers now owns 59,202 shares of the company’s stock valued at $9,869,000 after purchasing an additional 19,625 shares during the last quarter.
SPDR Global Dow ETF Company Profile
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.