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

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 5,124 shares, a decrease of 69.2% from the December 31st total of 16,611 shares. Based on an average trading volume of 32,933 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 32,933 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of SPDR SSgA Global Allocation ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Retireful LLC acquired a new position in shares of SPDR SSgA Global Allocation ETF in the 3rd quarter worth approximately $1,039,000. Farther Finance Advisors LLC bought a new position in SPDR SSgA Global Allocation ETF during the second quarter worth $27,000. Busey Bank acquired a new position in SPDR SSgA Global Allocation ETF in the third quarter worth $640,000. Taylor Financial Group Inc. increased its stake in SPDR SSgA Global Allocation ETF by 12.9% during the second quarter. Taylor Financial Group Inc. now owns 69,682 shares of the company’s stock valued at $3,275,000 after purchasing an additional 7,972 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in shares of 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 worth $1,069,000 after purchasing an additional 1,388 shares during the period.

SPDR SSgA Global Allocation ETF Trading Down 0.1%

GAL stock traded down $0.04 during mid-day trading on Wednesday, hitting $51.22. 3,279 shares of the company were exchanged, compared to its average volume of 22,404. The firm has a fifty day simple moving average of $50.12 and a 200 day simple moving average of $49.14. The company has a market capitalization of $282.22 million, a PE ratio of 18.24 and a beta of 0.63. SPDR SSgA Global Allocation ETF has a twelve month low of $41.00 and a twelve month high of $51.29.

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.