Short Interest in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Expands By 63.1%

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 3,566 shares, an increase of 63.1% from the December 15th total of 2,187 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 5,590 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 5,590 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

SPDR SSgA Income Allocation ETF Stock Down 0.1%

Shares of INKM traded down $0.03 during trading hours on Friday, reaching $33.58. 5,708 shares of the company traded hands, compared to its average volume of 11,728. The business has a fifty day moving average price of $33.33 and a 200-day moving average price of $33.08. SPDR SSgA Income Allocation ETF has a 12-month low of $29.92 and a 12-month high of $33.67. The stock has a market capitalization of $71.19 million, a P/E ratio of 20.24 and a beta of 0.54.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in shares of SPDR SSgA Income Allocation ETF in the second quarter worth about $28,000. Ballast Inc. acquired a new position in SPDR SSgA Income Allocation ETF in the 2nd quarter worth approximately $204,000. Bank of America Corp DE purchased a new position in SPDR SSgA Income Allocation ETF during the 2nd quarter worth approximately $58,000. Simplicity Wealth LLC purchased a new position in SPDR SSgA Income Allocation ETF during the 3rd quarter worth approximately $402,000. Finally, Elevation Capital Advisory LLC acquired a new stake in SPDR SSgA Income Allocation ETF during the 3rd quarter valued at approximately $5,474,000.

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.