SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Short Interest Up 421.1% in February

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 12,001 shares, an increase of 421.1% from the February 12th total of 2,303 shares. Based on an average daily trading volume, of 30,355 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 30,355 shares, the short-interest ratio is presently 0.4 days.

SPDR SSgA Income Allocation ETF Trading Down 0.3%

Shares of INKM stock traded down $0.10 on Tuesday, reaching $34.22. The company had a trading volume of 2,232 shares, compared to its average volume of 11,527. The stock has a market cap of $72.20 million, a PE ratio of 20.24 and a beta of 0.54. The company has a 50-day moving average of $34.06 and a 200-day moving average of $33.54. SPDR SSgA Income Allocation ETF has a 12 month low of $29.92 and a 12 month high of $35.01.

Institutional Investors Weigh In On SPDR SSgA Income Allocation ETF

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in shares of SPDR SSgA Income Allocation ETF in the 2nd quarter valued at $58,000. Jones Financial Companies Lllp raised 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 buying an additional 833 shares during the period. Citadel Advisors LLC raised its stake in SPDR SSgA Income Allocation ETF by 7.9% during the 3rd quarter. Citadel Advisors LLC now owns 8,901 shares of the company’s stock worth $295,000 after buying an additional 650 shares during the period. Retireful LLC bought a new position in SPDR SSgA Income Allocation ETF during the fourth quarter worth about $382,000. Finally, Simplicity Wealth LLC bought a new position in SPDR SSgA Income Allocation ETF during the third quarter worth about $402,000.

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.