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

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 6,742 shares, a drop of 49.3% from the February 12th total of 13,298 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,950 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 5,950 shares, the short-interest ratio is presently 1.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR SSgA Global Allocation ETF

A number of hedge funds have recently made changes to their positions in GAL. Capital Analysts LLC bought a new position in shares of SPDR SSgA Global Allocation ETF during the 4th quarter valued at $60,000. Key Financial Inc lifted its stake in 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 purchasing an additional 488 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in SPDR SSgA Global Allocation ETF in the third quarter worth $103,000. Farther Finance Advisors LLC boosted its position in SPDR SSgA Global Allocation ETF by 311.1% during the third quarter. Farther Finance Advisors LLC now owns 2,376 shares of the company’s stock valued at $117,000 after buying an additional 1,798 shares during the period. Finally, GGM Financials LLC purchased a new stake in SPDR SSgA Global Allocation ETF during the third quarter valued at about $123,000.

SPDR SSgA Global Allocation ETF Stock Performance

GAL traded down $0.56 during midday trading on Thursday, hitting $50.00. The stock had a trading volume of 10,969 shares, compared to its average volume of 19,072. The company has a market cap of $278 million, a P/E ratio of 18.24 and a beta of 0.63. The business has a fifty day moving average of $50.90 and a 200 day moving average of $49.92. SPDR SSgA Global Allocation ETF has a 1 year low of $41.00 and a 1 year high of $52.00.

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.