SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Short Interest Up 199.6% in February

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 13,298 shares, an increase of 199.6% from the January 29th total of 4,438 shares. Based on an average daily volume of 8,938 shares, the short-interest ratio is presently 1.5 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 8,938 shares, the short-interest ratio is presently 1.5 days.

SPDR SSgA Global Allocation ETF Stock Performance

Shares of NYSEARCA:GAL traded down $0.12 during midday trading on Thursday, hitting $51.84. 2,239 shares of the stock were exchanged, compared to its average volume of 15,569. The business’s 50-day moving average price is $50.72 and its 200 day moving average price is $49.70. SPDR SSgA Global Allocation ETF has a 12 month low of $41.00 and a 12 month high of $51.99. The stock has a market capitalization of $288.20 million, a price-to-earnings ratio of 18.24 and a beta of 0.63.

Hedge Funds Weigh In On SPDR SSgA Global Allocation ETF

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. boosted its holdings in shares of SPDR SSgA Global Allocation ETF by 4.1% during the 3rd quarter. Raymond James Financial Inc. now owns 537,129 shares of the company’s stock worth $26,383,000 after buying an additional 21,230 shares in the last quarter. Bright Financial Advisors Inc. lifted its position in shares of SPDR SSgA Global Allocation ETF by 11.6% during the 3rd 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 period. Wells Fargo & Company MN boosted its stake in SPDR SSgA Global Allocation ETF by 3.8% during the fourth quarter. Wells Fargo & Company MN now owns 78,757 shares of the company’s stock worth $3,895,000 after acquiring an additional 2,859 shares in the last quarter. Taylor Financial Group Inc. grew its holdings in SPDR SSgA Global Allocation ETF by 7.9% in the third quarter. Taylor Financial Group Inc. now owns 75,211 shares of the company’s stock worth $3,694,000 after purchasing an additional 5,529 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in SPDR SSgA Global Allocation ETF by 10.3% in the second quarter. Osaic Holdings Inc. now owns 44,708 shares of the company’s stock worth $2,101,000 after purchasing an additional 4,176 shares during the period.

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.