SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Short Interest Down 67.3% in December

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 2,187 shares, a decrease of 67.3% from the November 30th total of 6,680 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 5,406 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 5,406 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

SPDR SSgA Income Allocation ETF Price Performance

NYSEARCA:INKM traded down $0.02 during trading hours on Friday, hitting $33.65. The company had a trading volume of 2,247 shares, compared to its average volume of 8,224. The stock has a 50-day moving average price of $33.31 and a 200 day moving average price of $32.98. The company has a market capitalization of $67.64 million, a PE ratio of 20.24 and a beta of 0.54. SPDR SSgA Income Allocation ETF has a 52 week low of $29.92 and a 52 week high of $33.67.

Hedge Funds Weigh In On SPDR SSgA Income Allocation ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new position in shares of SPDR SSgA Income Allocation ETF in the 2nd quarter worth about $28,000. Bank of America Corp DE bought a new stake in SPDR SSgA Income Allocation ETF during the 2nd quarter valued at about $58,000. Jones Financial Companies Lllp increased 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 valued at $72,000 after purchasing an additional 833 shares in the last quarter. Ballast Inc. purchased a new position in SPDR SSgA Income Allocation ETF in the second quarter worth about $204,000. Finally, Citadel Advisors LLC lifted its stake in shares of SPDR SSgA Income Allocation ETF by 7.9% in the third quarter. Citadel Advisors LLC now owns 8,901 shares of the company’s stock worth $295,000 after buying an additional 650 shares in the last quarter.

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.