SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Sees Significant Growth in Short Interest

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 2,303 shares, a growth of 52.3% from the January 29th total of 1,512 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,166 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 5,166 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR SSgA Income Allocation ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC grew its stake in SPDR SSgA Income Allocation ETF by 7.9% during the 3rd quarter. Citadel Advisors LLC now owns 8,901 shares of the company’s stock worth $295,000 after buying an additional 650 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of SPDR SSgA Income Allocation ETF by 62.2% during the third quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $72,000 after acquiring an additional 833 shares during the last quarter. Manske Wealth Management increased its holdings in shares of SPDR SSgA Income Allocation ETF by 1.8% in the 3rd quarter. Manske Wealth Management now owns 81,988 shares of the company’s stock valued at $2,716,000 after acquiring an additional 1,435 shares during the period. Truist Financial Corp increased its holdings in shares of SPDR SSgA Income Allocation ETF by 3.1% in the 4th quarter. Truist Financial Corp now owns 57,373 shares of the company’s stock valued at $1,893,000 after acquiring an additional 1,750 shares during the period. Finally, Bank of America Corp DE purchased a new stake in SPDR SSgA Income Allocation ETF in the 2nd quarter valued at $58,000.

SPDR SSgA Income Allocation ETF Trading Down 0.1%

SPDR SSgA Income Allocation ETF stock opened at $34.86 on Tuesday. SPDR SSgA Income Allocation ETF has a 12-month low of $29.92 and a 12-month high of $35.01. The stock has a market cap of $73.55 million, a P/E ratio of 20.24 and a beta of 0.54. The company has a fifty day simple moving average of $33.95 and a 200-day simple moving average of $33.48.

SPDR SSgA Income Allocation ETF Company Profile

The SPDR SSgA Income Allocation ETF (INKM) is an exchange-traded fund that is based on the MSCI World index. The fund is an actively-managed, income-focused ETF of domestic and international ETFs with exposure to equities, investment-grade and high-yield debt, preferred stocks and REITs. INKM was launched on Apr 25, 2012 and is managed by State Street.