SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Sees Significant Decline in Short Interest

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 9,206 shares, a drop of 67.9% from the July 30th total of 28,720 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 9,075 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GAL. Ameritas Advisory Services LLC increased its stake in shares of SPDR SSgA Global Allocation ETF by 32.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 29,963 shares of the company’s stock valued at $1,583,000 after buying an additional 7,359 shares during the period. Western Wealth Management LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF during the first quarter worth $122,000. Robinswood Financial LLC acquired a new position in shares of SPDR SSgA Global Allocation ETF during the first quarter valued at $2,164,000. Gateway Wealth Partners LLC lifted its stake in shares of SPDR SSgA Global Allocation ETF by 177.3% during the first quarter. Gateway Wealth Partners LLC now owns 22,370 shares of the company’s stock valued at $1,107,000 after acquiring an additional 14,302 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in SPDR SSgA Global Allocation ETF by 55.5% in the first quarter. Geneos Wealth Management Inc. now owns 30,645 shares of the company’s stock valued at $1,517,000 after acquiring an additional 10,935 shares during the last quarter.

SPDR SSgA Global Allocation ETF Trading Down 0.1%

Shares of GAL stock opened at $53.93 on Thursday. SPDR SSgA Global Allocation ETF has a 1 year low of $47.78 and a 1 year high of $55.24. The firm’s 50 day moving average is $53.08 and its 200-day moving average is $52.18. The firm has a market capitalization of $313.87 million, a price-to-earnings ratio of 18.24 and a beta of 0.61.

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.