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 significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,237 shares, a decrease of 87.5% from the April 30th total of 9,913 shares. Based on an average daily volume of 25,419 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of SPDR SSgA Global Allocation ETF

Several hedge funds have recently modified their holdings of GAL. Jones Financial Companies Lllp grew its stake in shares of 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 purchasing an additional 8,666 shares during the last quarter. Jane Street Group LLC bought a new position in SPDR SSgA Global Allocation ETF in the first quarter valued at approximately $207,000. Key Financial Inc boosted its stake in SPDR SSgA Global Allocation ETF by 47.4% in the third quarter. Key Financial Inc now owns 1,518 shares of the company’s stock valued at $75,000 after acquiring an additional 488 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in SPDR SSgA Global Allocation ETF by 17.3% in the third quarter. Ameritas Advisory Services LLC now owns 26,678 shares of the company’s stock valued at $1,310,000 after acquiring an additional 3,939 shares during the last quarter. Finally, Bright Financial Advisors Inc. boosted its stake in SPDR SSgA Global Allocation ETF by 11.6% in the third quarter. Bright Financial Advisors Inc. now owns 178,185 shares of the company’s stock valued at $8,752,000 after acquiring an additional 18,529 shares during the last quarter.

SPDR SSgA Global Allocation ETF Trading Up 0.4%

Shares of GAL traded up $0.20 during mid-day trading on Thursday, hitting $53.65. 5,436 shares of the company traded hands, compared to its average volume of 16,929. SPDR SSgA Global Allocation ETF has a one year low of $45.89 and a one year high of $55.24. The business has a 50-day moving average of $51.50 and a 200 day moving average of $50.79. The stock has a market capitalization of $314.39 million, a price-to-earnings 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.