SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Shares Shorted: Short Interest Down 67.1% in September

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 4,688 shares, a decline of 67.1% from the September 15th total of 14,229 shares. Based on an average trading volume of 13,121 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 46 Peaks LLC boosted its holdings in shares of SPDR SSgA Global Allocation ETF by 2.1% during the first quarter. 46 Peaks LLC now owns 174,483 shares of the company’s stock valued at $8,637,000 after acquiring an additional 3,526 shares during the period. Robinswood Financial LLC bought a new position in shares of SPDR SSgA Global Allocation ETF during the first quarter worth about $2,164,000. Ameritas Advisory Services LLC increased its holdings 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 worth $1,583,000 after acquiring an additional 7,359 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of SPDR SSgA Global Allocation ETF by 55.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 30,645 shares of the company’s stock worth $1,517,000 after acquiring an additional 10,935 shares during the period. Finally, Ascentis Independent Advisors increased its holdings in shares of SPDR SSgA Global Allocation ETF by 134.7% in the 1st quarter. Ascentis Independent Advisors now owns 26,572 shares of the company’s stock worth $1,315,000 after acquiring an additional 15,251 shares during the period.

SPDR SSgA Global Allocation ETF Stock Down 0.1%

GAL stock traded down $0.05 during midday trading on Monday, reaching $52.76. The company had a trading volume of 1,980 shares, compared to its average volume of 14,220. The firm has a market capitalization of $318.67 million, a PE ratio of 18.24 and a beta of 0.62. The stock has a 50 day moving average price of $53.45 and a 200 day moving average price of $52.71. SPDR SSgA Global Allocation ETF has a fifty-two week low of $48.37 and a fifty-two week high of $55.24.

SPDR SSgA Global Allocation ETF Company Profile

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.