SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Short Interest Update

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 16,611 shares, a growth of 113.5% from the December 15th total of 7,782 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 16,839 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 16,839 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the shares of the company are short sold.

SPDR SSgA Global Allocation ETF Price Performance

Shares of GAL stock traded down $0.01 during midday trading on Friday, reaching $50.55. 6,998 shares of the company traded hands, compared to its average volume of 30,518. The firm’s 50 day simple moving average is $49.89 and its two-hundred day simple moving average is $48.90. The firm has a market cap of $283.08 million, a PE ratio of 18.24 and a beta of 0.63. SPDR SSgA Global Allocation ETF has a 1-year low of $41.00 and a 1-year high of $50.74.

Institutional Investors Weigh In On SPDR SSgA Global Allocation ETF

Large investors have recently made changes to their positions in the business. WealthShield Partners LLC boosted its holdings in shares of SPDR SSgA Global Allocation ETF by 6.8% in the third quarter. WealthShield Partners LLC now owns 4,466 shares of the company’s stock valued at $219,000 after acquiring an additional 283 shares in the last quarter. Key Financial Inc boosted its position in shares of SPDR SSgA Global Allocation ETF by 47.4% in the third quarter. Key Financial Inc now owns 1,518 shares of the company’s stock worth $75,000 after buying an additional 488 shares during the period. Farther Finance Advisors LLC purchased a new position in SPDR SSgA Global Allocation ETF during the 2nd quarter valued at about $27,000. Ameritas Advisory Services LLC grew its position in SPDR SSgA Global Allocation ETF by 6.5% during the second quarter. Ameritas Advisory Services LLC now owns 22,739 shares of the company’s stock valued at $1,069,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in shares of SPDR SSgA Global Allocation ETF in the third quarter worth $103,000.

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.