SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Sees Significant Decrease in Short Interest

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 69,087 shares, a drop of 36.5% from the April 15th total of 108,870 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 271,440 shares, the days-to-cover ratio is currently 0.3 days.

SPDR SSgA Multi-Asset Real Return ETF Price Performance

RLY traded up $0.26 during trading on Monday, reaching $36.96. 290,253 shares of the company’s stock were exchanged, compared to its average volume of 225,818. SPDR SSgA Multi-Asset Real Return ETF has a 1 year low of $28.34 and a 1 year high of $37.43. The stock has a market capitalization of $1.19 billion, a P/E ratio of 17.02 and a beta of 0.47. The company’s fifty day simple moving average is $36.34 and its 200-day simple moving average is $34.06.

Institutional Investors Weigh In On SPDR SSgA Multi-Asset Real Return ETF

Hedge funds have recently added to or reduced their stakes in the business. Ascentis Independent Advisors purchased a new stake in SPDR SSgA Multi-Asset Real Return ETF in the first quarter valued at $28,000. Comerica Bank boosted its holdings in SPDR SSgA Multi-Asset Real Return ETF by 30.1% in the third quarter. Comerica Bank now owns 1,416 shares of the company’s stock valued at $44,000 after purchasing an additional 328 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in SPDR SSgA Multi-Asset Real Return ETF by 3,685.7% in the first quarter. International Assets Investment Management LLC now owns 1,590 shares of the company’s stock valued at $57,000 after purchasing an additional 1,548 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in SPDR SSgA Multi-Asset Real Return ETF by 99.2% in the third quarter. Jones Financial Companies Lllp now owns 2,135 shares of the company’s stock valued at $66,000 after purchasing an additional 1,063 shares during the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the 4th quarter valued at approximately $99,000.

SPDR SSgA Multi-Asset Real Return ETF Company Profile

The SPDR SSgA Multi-Asset Real Return ETF (RLY) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively-managed fund that attempts to hedge against inflation by investing in funds with exposure to real estate, commodities, TIPS and natural resources companies. RLY was launched on Apr 25, 2012 and is managed by State Street.