SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Sees Large Decrease in Short Interest

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 9,206 shares, a decline of 67.9% from the July 30th total of 28,720 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 9,075 shares, the short-interest ratio is presently 1.0 days.

SPDR SSgA Global Allocation ETF Stock Down 0.3%

SPDR SSgA Global Allocation ETF stock traded down $0.18 during midday trading on Friday, reaching $53.88. The stock had a trading volume of 3,050 shares, compared to its average volume of 14,409. SPDR SSgA Global Allocation ETF has a 52-week low of $47.78 and a 52-week high of $55.24. The firm has a market cap of $313.58 million, a price-to-earnings ratio of 18.24 and a beta of 0.61. The company has a fifty day moving average of $53.10 and a 200 day moving average of $52.21.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Capital Analysts LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF during the 4th quarter worth approximately $60,000. Western Wealth Management LLC purchased a new position in SPDR SSgA Global Allocation ETF during the 1st quarter valued at $122,000. Farther Finance Advisors LLC grew its position in SPDR SSgA Global Allocation ETF by 89.6% in the 4th quarter. Farther Finance Advisors LLC now owns 4,505 shares of the company’s stock valued at $223,000 after acquiring an additional 2,129 shares during the last quarter. Jane Street Group LLC bought a new position in SPDR SSgA Global Allocation ETF in the 1st quarter valued at $207,000. Finally, Gateway Wealth Partners LLC purchased a new stake in SPDR SSgA Global Allocation ETF in the fourth quarter worth $399,000.

About SPDR SSgA Global Allocation ETF

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.