SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Short Interest Update

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 44,495 shares, a growth of 3,162.1% from the August 15th total of 1,364 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 21,196 shares, the short-interest ratio is currently 2.1 days.

SPDR SSgA Income Allocation ETF Stock Down 0.7%

NYSEARCA INKM traded down $0.25 during trading on Thursday, hitting $34.16. 3,279 shares of the stock traded hands, compared to its average volume of 10,822. SPDR SSgA Income Allocation ETF has a 12-month low of $32.71 and a 12-month high of $35.01. The firm has a 50-day simple moving average of $34.58 and a 200-day simple moving average of $34.41. The company has a market capitalization of $73.79 million, a P/E ratio of 20.24 and a beta of 0.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INKM. Bank of America Corp DE purchased a new stake in SPDR SSgA Income Allocation ETF during the second quarter valued at $58,000. Citadel Advisors LLC grew its stake in shares of SPDR SSgA Income Allocation ETF by 7.9% in the 3rd quarter. Citadel Advisors LLC now owns 8,901 shares of the company’s stock worth $295,000 after buying an additional 650 shares in the last quarter. Retireful LLC bought a new stake in shares of SPDR SSgA Income Allocation ETF in the 2nd quarter worth about $309,000. Ameritas Advisory Services LLC increased its holdings in shares of SPDR SSgA Income Allocation ETF by 1,405.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 13,174 shares of the company’s stock worth $435,000 after buying an additional 12,299 shares during the last quarter. Finally, Royal Bank of Canada raised 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 valued at $529,000 after buying an additional 1,922 shares in the last quarter.

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.