Short Interest in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Drops By 67.1%

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 2,602 shares, a drop of 67.1% from the June 15th total of 7,897 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,720 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of SPDR SSgA Income Allocation ETF by 76.0% in the 4th quarter. Wells Fargo & Company MN now owns 40,203 shares of the company’s stock valued at $1,326,000 after purchasing an additional 17,362 shares during the last quarter. LPL Financial LLC lifted its position in shares of SPDR SSgA Income Allocation ETF by 40.7% during the 4th quarter. LPL Financial LLC now owns 64,015 shares of the company’s stock worth $2,112,000 after purchasing an additional 18,523 shares during the last quarter. Royal Bank of Canada lifted its position in shares of SPDR SSgA Income Allocation ETF by 13.6% during the 4th quarter. Royal Bank of Canada now owns 16,049 shares of the company’s stock worth $529,000 after purchasing an additional 1,922 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of SPDR SSgA Income Allocation ETF by 7.9% during the third quarter. Citadel Advisors LLC now owns 8,901 shares of the company’s stock worth $295,000 after purchasing an additional 650 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of SPDR SSgA Income Allocation ETF during the second quarter worth $58,000.

SPDR SSgA Income Allocation ETF Stock Performance

Shares of SPDR SSgA Income Allocation ETF stock opened at $34.44 on Monday. SPDR SSgA Income Allocation ETF has a one year low of $32.04 and a one year high of $35.01. The company has a market cap of $71.98 million, a PE ratio of 20.24 and a beta of 0.50. The business has a 50-day simple moving average of $34.53 and a 200-day simple moving average of $34.17.

About SPDR SSgA Income Allocation ETF

The SPDR SSgA Income Allocation ETF (INKM) is an exchange-traded fund that is based on the MSCI World index. The fund is an actively-managed, income-focused ETF of domestic and international ETFs with exposure to equities, investment-grade and high-yield debt, preferred stocks and REITs. INKM was launched on Apr 25, 2012 and is managed by State Street.