Short Interest in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Increases By 199.6%

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 13,298 shares, an increase of 199.6% from the January 29th total of 4,438 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 8,938 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 8,938 shares, the short-interest ratio is currently 1.5 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Capital Analysts LLC bought a new position in SPDR SSgA Global Allocation ETF in the fourth quarter valued at approximately $60,000. Key Financial Inc boosted its stake in SPDR SSgA Global Allocation ETF by 47.4% in the 3rd quarter. Key Financial Inc now owns 1,518 shares of the company’s stock worth $75,000 after purchasing an additional 488 shares during the period. Geneos Wealth Management Inc. bought a new position in SPDR SSgA Global Allocation ETF during the 3rd quarter worth about $103,000. Farther Finance Advisors LLC raised its stake in shares of SPDR SSgA Global Allocation ETF by 311.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,376 shares of the company’s stock valued at $117,000 after purchasing an additional 1,798 shares during the period. Finally, GGM Financials LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF in the third quarter valued at about $123,000.

SPDR SSgA Global Allocation ETF Stock Performance

SPDR SSgA Global Allocation ETF stock traded down $0.12 during trading hours on Thursday, hitting $51.84. 2,239 shares of the stock were exchanged, compared to its average volume of 15,569. The stock has a market capitalization of $288.20 million, a P/E ratio of 18.24 and a beta of 0.63. The business’s 50-day moving average is $50.72 and its two-hundred day moving average is $49.70. SPDR SSgA Global Allocation ETF has a 12 month low of $41.00 and a 12 month high of $51.99.

About SPDR SSgA Global Allocation ETF

The SPDR SSgA Global Allocation ETF (GAL) is an exchange-traded fund that is based on the MSCI ACWI IMI index. The fund is an actively-managed fund of funds that provides the majority of its returns from capital gains by investing across asset classes. GAL was launched on Apr 25, 2012 and is managed by State Street.