SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Short Interest Update

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 4,438 shares, a drop of 13.4% from the January 15th total of 5,124 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,798 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 12,798 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

SPDR SSgA Global Allocation ETF Stock Performance

Shares of NYSEARCA GAL traded up $0.34 during trading on Wednesday, hitting $51.60. The company had a trading volume of 3,026 shares, compared to its average volume of 17,373. SPDR SSgA Global Allocation ETF has a 52 week low of $41.00 and a 52 week high of $51.73. The business’s 50-day moving average is $50.53 and its 200 day moving average is $49.54. The company has a market cap of $286.89 million, a P/E ratio of 18.24 and a beta of 0.63.

Institutional Investors Weigh In On SPDR SSgA Global Allocation ETF

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in SPDR SSgA Global Allocation ETF by 2.2% in the 4th quarter. Royal Bank of Canada now owns 12,851 shares of the company’s stock worth $635,000 after purchasing an additional 282 shares in the last quarter. WealthShield Partners LLC boosted its holdings in shares of SPDR SSgA Global Allocation ETF by 6.8% in the third quarter. WealthShield Partners LLC now owns 4,466 shares of the company’s stock worth $219,000 after buying an additional 283 shares during the period. OLD National Bancorp IN increased its position in shares of SPDR SSgA Global Allocation ETF by 3.0% in the fourth quarter. OLD National Bancorp IN now owns 13,858 shares of the company’s stock worth $685,000 after acquiring an additional 408 shares in the last quarter. N.E.W. Advisory Services LLC raised its holdings in shares of SPDR SSgA Global Allocation ETF by 13.6% during the fourth quarter. N.E.W. Advisory Services LLC now owns 3,457 shares of the company’s stock valued at $171,000 after acquiring an additional 413 shares during the period. Finally, Key Financial Inc lifted its position in shares of SPDR SSgA Global Allocation ETF by 47.4% in the 3rd quarter. Key Financial Inc now owns 1,518 shares of the company’s stock valued at $75,000 after acquiring an additional 488 shares in the last quarter.

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.