Short Interest in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Grows By 113.5%

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 16,611 shares, an increase of 113.5% from the December 15th total of 7,782 shares. Based on an average trading volume of 16,839 shares, the short-interest ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 16,839 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On SPDR SSgA Global Allocation ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. grew its stake in shares of SPDR SSgA Global Allocation ETF by 4.1% in the 3rd quarter. Raymond James Financial Inc. now owns 537,129 shares of the company’s stock valued at $26,383,000 after buying an additional 21,230 shares during the period. Retireful LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF during the third quarter valued at approximately $1,039,000. Bright Financial Advisors Inc. raised its position in shares of SPDR SSgA Global Allocation ETF by 11.6% during the third quarter. Bright Financial Advisors Inc. now owns 178,185 shares of the company’s stock worth $8,752,000 after purchasing an additional 18,529 shares during the period. Busey Bank bought a new position in shares of SPDR SSgA Global Allocation ETF in the 3rd quarter worth $640,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of SPDR SSgA Global Allocation ETF by 7,601.8% in the 1st quarter. Jones Financial Companies Lllp now owns 8,780 shares of the company’s stock worth $394,000 after purchasing an additional 8,666 shares in the last quarter.

SPDR SSgA Global Allocation ETF Stock Up 0.2%

GAL traded up $0.08 during midday trading on Thursday, hitting $50.56. 7,565 shares of the company were exchanged, compared to its average volume of 32,876. The firm’s 50 day moving average price is $49.89 and its 200-day moving average price is $48.90. SPDR SSgA Global Allocation ETF has a 1-year low of $41.00 and a 1-year high of $50.74. The firm has a market capitalization of $283.14 million, a P/E ratio of 18.24 and a beta of 0.63.

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.