SPDR SSgA Global Allocation ETF (NYSEARCA:GAL – Get Free Report) was the recipient of a large increase in short interest in the month of 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. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 10,458 shares, the days-to-cover ratio is currently 1.4 days.
SPDR SSgA Global Allocation ETF Price Performance
Shares of SPDR SSgA Global Allocation ETF stock traded down $0.02 on Tuesday, reaching $52.73. The company had a trading volume of 4,570 shares, compared to its average volume of 16,451. The firm has a market cap of $309.00 million, a price-to-earnings ratio of 18.24 and a beta of 0.61. The firm’s 50-day moving average price is $52.21 and its two-hundred day moving average price is $51.04. SPDR SSgA Global Allocation ETF has a 1 year low of $46.22 and a 1 year high of $55.24.
Hedge Funds Weigh In On SPDR SSgA Global Allocation ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its stake in shares of SPDR SSgA Global Allocation ETF by 7,601.8% during the 1st quarter. Jones Financial Companies Lllp now owns 8,780 shares of the company’s stock worth $394,000 after acquiring an additional 8,666 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF during the 1st quarter worth approximately $207,000. Key Financial Inc lifted its stake in shares of SPDR SSgA Global Allocation ETF by 47.4% during the 3rd quarter. Key Financial Inc now owns 1,518 shares of the company’s stock worth $75,000 after acquiring an additional 488 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of SPDR SSgA Global Allocation ETF by 17.3% during the 3rd quarter. Ameritas Advisory Services LLC now owns 26,678 shares of the company’s stock worth $1,310,000 after acquiring an additional 3,939 shares during the last quarter. Finally, Bright Financial Advisors Inc. lifted its stake in shares of SPDR SSgA Global Allocation ETF by 11.6% during the 3rd quarter. Bright Financial Advisors Inc. now owns 178,185 shares of the company’s stock worth $8,752,000 after acquiring an additional 18,529 shares during 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.
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