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

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 14,133 shares, an increase of 1,042.5% from the May 14th total of 1,237 shares. Based on an average trading volume of 10,458 shares, the short-interest ratio is currently 1.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On SPDR SSgA Global Allocation ETF

A number of hedge funds have recently added to or reduced their stakes in GAL. Robinswood Financial LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF during the first quarter valued at approximately $2,164,000. Western Wealth Management LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF during the first quarter valued at approximately $122,000. Gateway Wealth Partners LLC increased its holdings in shares of SPDR SSgA Global Allocation ETF by 177.3% during the first quarter. Gateway Wealth Partners LLC now owns 22,370 shares of the company’s stock valued at $1,107,000 after acquiring an additional 14,302 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of SPDR SSgA Global Allocation ETF by 55.5% during the first quarter. Geneos Wealth Management Inc. now owns 30,645 shares of the company’s stock valued at $1,517,000 after acquiring an additional 10,935 shares in the last quarter. Finally, 46 Peaks LLC increased its holdings in shares of SPDR SSgA Global Allocation ETF by 2.1% during the first quarter. 46 Peaks LLC now owns 174,483 shares of the company’s stock valued at $8,637,000 after acquiring an additional 3,526 shares in the last quarter.

SPDR SSgA Global Allocation ETF Trading Down 0.7%

GAL stock traded down $0.38 during mid-day trading on Wednesday, reaching $52.35. The company’s stock had a trading volume of 15,768 shares, compared to its average volume of 16,444. The company has a market cap of $306.77 million, a price-to-earnings ratio of 18.24 and a beta of 0.61. The business’s 50 day moving average price is $52.21 and its 200 day moving average price is $51.04. SPDR SSgA Global Allocation ETF has a 12 month low of $46.22 and a 12 month high of $55.24.

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.