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

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 6,071 shares, a growth of 533.7% from the April 15th total of 958 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 22,674 shares, the short-interest ratio is presently 0.3 days.

SPDR SSgA Income Allocation ETF Price Performance

INKM traded down $0.05 during trading on Tuesday, hitting $34.47. 8,281 shares of the stock traded hands, compared to its average volume of 12,802. The firm has a market capitalization of $75.49 million, a P/E ratio of 20.24 and a beta of 0.51. The firm has a 50-day moving average of $34.09 and a 200 day moving average of $33.78. SPDR SSgA Income Allocation ETF has a 12-month low of $31.71 and a 12-month high of $35.01.

Institutional Investors Weigh In On SPDR SSgA Income Allocation ETF

Several institutional investors have recently added to or reduced their stakes in INKM. Bank of America Corp DE purchased a new stake in SPDR SSgA Income Allocation ETF during the 2nd quarter valued at $58,000. Jones Financial Companies Lllp lifted its position in shares of SPDR SSgA Income Allocation ETF by 62.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $72,000 after purchasing an additional 833 shares during the period. Citadel Advisors LLC lifted its position in shares of SPDR SSgA Income Allocation ETF by 7.9% in the 3rd quarter. Citadel Advisors LLC now owns 8,901 shares of the company’s stock worth $295,000 after purchasing an additional 650 shares during the period. Retireful LLC purchased a new stake in shares of SPDR SSgA Income Allocation ETF in the 4th quarter worth about $382,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of SPDR SSgA Income Allocation ETF in the 3rd quarter worth about $402,000.

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.