SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Short Interest Update

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 6,287 shares, a growth of 76.3% from the December 31st total of 3,566 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 12,380 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 12,380 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

SPDR SSgA Income Allocation ETF Price Performance

Shares of INKM opened at $33.85 on Friday. SPDR SSgA Income Allocation ETF has a 1-year low of $29.92 and a 1-year high of $33.90. The stock has a market cap of $71.76 million, a PE ratio of 20.24 and a beta of 0.54. The firm has a fifty day moving average price of $33.46 and a 200 day moving average price of $33.17.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Retireful LLC purchased a new stake in SPDR SSgA Income Allocation ETF in the fourth quarter valued at approximately $382,000. Citadel Advisors LLC increased its holdings 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 valued at $295,000 after acquiring an additional 650 shares during the period. Manske Wealth Management raised its position in SPDR SSgA Income Allocation ETF by 1.8% in the 3rd quarter. Manske Wealth Management now owns 81,988 shares of the company’s stock valued at $2,716,000 after purchasing an additional 1,435 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in SPDR SSgA Income Allocation ETF by 5.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 55,813 shares of the company’s stock worth $1,849,000 after purchasing an additional 3,077 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in SPDR SSgA Income Allocation ETF by 62.2% during 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.

About SPDR SSgA Income Allocation ETF

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.