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

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 9,206 shares, a decline of 67.9% from the July 30th total of 28,720 shares. Based on an average trading volume of 9,075 shares, the short-interest ratio is presently 1.0 days. Currently, 0.2% of the shares of the company are sold short.

SPDR SSgA Global Allocation ETF Trading Down 0.3%

Shares of GAL stock traded down $0.18 during trading hours on Friday, hitting $53.88. The company’s stock had a trading volume of 3,050 shares, compared to its average volume of 14,409. The company has a 50 day moving average of $53.09 and a 200 day moving average of $52.20. The stock has a market cap of $313.58 million, a PE ratio of 18.24 and a beta of 0.61. SPDR SSgA Global Allocation ETF has a 12-month low of $47.78 and a 12-month high of $55.24.

Institutional Investors Weigh In On SPDR SSgA Global Allocation ETF

Several hedge funds have recently added to or reduced their stakes in GAL. Capital Analysts LLC purchased a new position in shares of SPDR SSgA Global Allocation ETF during the 4th quarter valued at about $60,000. Western Wealth Management LLC purchased a new stake in shares of SPDR SSgA Global Allocation ETF in the first quarter worth about $122,000. Jane Street Group LLC acquired a new stake in SPDR SSgA Global Allocation ETF during the first quarter worth about $207,000. Farther Finance Advisors LLC grew its holdings in SPDR SSgA Global Allocation ETF by 89.6% during the fourth quarter. Farther Finance Advisors LLC now owns 4,505 shares of the company’s stock worth $223,000 after acquiring an additional 2,129 shares during the period. Finally, Jones Financial Companies Lllp raised its position in SPDR SSgA Global Allocation ETF by 7,601.8% during the first quarter. Jones Financial Companies Lllp now owns 8,780 shares of the company’s stock valued at $394,000 after acquiring an additional 8,666 shares in the last quarter.

About SPDR SSgA Global Allocation ETF

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.