SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Short Interest Up 113.5% in December

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

Institutional Trading of SPDR SSgA Global Allocation ETF

Several hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in shares of SPDR SSgA Global Allocation ETF during the second quarter valued at $27,000. Key Financial Inc increased its holdings in SPDR SSgA Global Allocation ETF by 47.4% during the third quarter. Key Financial Inc now owns 1,518 shares of the company’s stock valued at $75,000 after buying an additional 488 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of SPDR SSgA Global Allocation ETF in the 3rd quarter valued at $103,000. GGM Financials LLC bought a new position in SPDR SSgA Global Allocation ETF in the third quarter worth about $123,000. Finally, Jane Street Group LLC bought a new position in shares of SPDR SSgA Global Allocation ETF during the 1st quarter worth approximately $207,000.

SPDR SSgA Global Allocation ETF Trading Up 0.0%

SPDR SSgA Global Allocation ETF stock traded up $0.02 during trading on Wednesday, reaching $50.48. The company had a trading volume of 11,354 shares, compared to its average volume of 35,695. The firm’s 50-day simple moving average is $49.84 and its 200 day simple moving average is $48.87. SPDR SSgA Global Allocation ETF has a 52 week low of $41.00 and a 52 week high of $50.69. The firm has a market capitalization of $282.69 million, a price-to-earnings ratio of 18.24 and a beta of 0.63.

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.