SPDR SSgA Global Allocation ETF (NYSEARCA:GAL – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 21,583 shares, an increase of 87.5% from the June 15th total of 11,508 shares. Based on an average trading volume of 9,289 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.4% of the company’s stock are sold short.
Institutional Trading of SPDR SSgA Global Allocation ETF
Several institutional investors have recently added to or reduced their stakes in GAL. Capital Analysts LLC bought a new position in SPDR SSgA Global Allocation ETF during the 4th quarter valued at $60,000. Western Wealth Management LLC acquired a new position in SPDR SSgA Global Allocation ETF during the 1st quarter worth $122,000. N.E.W. Advisory Services LLC increased its position in shares of SPDR SSgA Global Allocation ETF by 13.6% in the 4th quarter. N.E.W. Advisory Services LLC now owns 3,457 shares of the company’s stock worth $171,000 after purchasing an additional 413 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF in the 1st quarter worth about $207,000. Finally, Farther Finance Advisors LLC raised its stake in shares of 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 purchasing an additional 2,129 shares in the last quarter.
SPDR SSgA Global Allocation ETF Trading Down 0.4%
NYSEARCA GAL traded down $0.19 during mid-day trading on Thursday, reaching $52.82. 5,717 shares of the company’s stock traded hands, compared to its average volume of 15,125. SPDR SSgA Global Allocation ETF has a 1-year low of $46.73 and a 1-year high of $55.24. The company has a fifty day simple moving average of $53.05 and a 200-day simple moving average of $51.60. The company has a market cap of $304.24 million, a price-to-earnings ratio of 18.24 and a beta of 0.61.
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.
See Also
- Five stocks we like better than SPDR SSgA Global Allocation ETF
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for SPDR SSgA Global Allocation ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR SSgA Global Allocation ETF and related companies with MarketBeat.com's FREE daily email newsletter.
