SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Sees Large Growth in Short Interest

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 14,229 shares, an increase of 98.2% from the August 31st total of 7,180 shares. Based on an average daily volume of 10,747 shares, the short-interest ratio is presently 1.3 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of SPDR SSgA Global Allocation ETF in the 2nd quarter worth about $115,000. Western Wealth Management LLC bought a new stake in SPDR SSgA Global Allocation ETF during the 1st quarter valued at approximately $122,000. Citadel Advisors LLC purchased a new position in shares of SPDR SSgA Global Allocation ETF during the 2nd quarter worth approximately $279,000. Silver Oak Securities Incorporated purchased a new position in shares of SPDR SSgA Global Allocation ETF during the 1st quarter worth approximately $419,000. Finally, Gateway Wealth Partners LLC raised its position in shares of SPDR SSgA Global Allocation ETF by 177.3% in the 1st quarter. Gateway Wealth Partners LLC now owns 22,370 shares of the company’s stock worth $1,107,000 after acquiring an additional 14,302 shares in the last quarter.

SPDR SSgA Global Allocation ETF Trading Down 0.2%

NYSEARCA GAL traded down $0.13 on Wednesday, hitting $52.42. The company’s stock had a trading volume of 7,259 shares, compared to its average volume of 14,140. The firm has a market cap of $314.00 million, a P/E ratio of 18.24 and a beta of 0.62. SPDR SSgA Global Allocation ETF has a 52-week low of $48.37 and a 52-week high of $55.24. The company’s 50-day simple moving average is $53.40 and its 200 day simple moving average is $52.55.

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.