SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Sees Large Decline in Short Interest

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4,688 shares, a decrease of 67.1% from the September 15th total of 14,229 shares. Based on an average trading volume of 13,121 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On SPDR SSgA Global Allocation ETF

Large investors have recently made changes to their positions in the stock. 46 Peaks LLC acquired a new stake in shares of SPDR SSgA Global Allocation ETF during the 4th quarter valued at approximately $8,454,000. Robinswood Financial LLC purchased a new stake in shares of SPDR SSgA Global Allocation ETF during the 1st quarter worth approximately $2,164,000. Ascentis Independent Advisors boosted its stake in shares of SPDR SSgA Global Allocation ETF by 134.7% during the 1st quarter. Ascentis Independent Advisors now owns 26,572 shares of the company’s stock worth $1,315,000 after acquiring an additional 15,251 shares in the last quarter. Gateway Wealth Partners LLC grew its holdings in shares of SPDR SSgA Global Allocation ETF by 177.3% in the 1st quarter. Gateway Wealth Partners LLC now owns 22,370 shares of the company’s stock worth $1,107,000 after acquiring an additional 14,302 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of SPDR SSgA Global Allocation ETF by 55.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 30,645 shares of the company’s stock worth $1,517,000 after acquiring an additional 10,935 shares during the period.

SPDR SSgA Global Allocation ETF Stock Performance

NYSEARCA:GAL traded up $0.07 during trading hours on Tuesday, hitting $52.83. The company’s stock had a trading volume of 27,884 shares, compared to its average volume of 14,289. SPDR SSgA Global Allocation ETF has a 52-week low of $48.37 and a 52-week high of $55.24. The business’s 50-day moving average is $53.43 and its two-hundred day moving average is $52.76. The company has a market capitalization of $320.15 million, a PE ratio of 18.24 and a beta of 0.62.

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.