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

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 5,759 shares, a decrease of 60.6% from the May 14th total of 14,610 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 19,292 shares, the days-to-cover ratio is presently 0.3 days.

SPDR SSgA Income Allocation ETF Trading Up 0.3%

INKM traded up $0.12 during trading on Friday, reaching $34.82. The stock had a trading volume of 924 shares, compared to its average volume of 12,439. The stock’s 50 day moving average is $34.37 and its two-hundred day moving average is $34.01. The company has a market capitalization of $76.26 million, a price-to-earnings ratio of 20.24 and a beta of 0.50. SPDR SSgA Income Allocation ETF has a one year low of $32.02 and a one year high of $35.01.

Hedge Funds Weigh In On SPDR SSgA Income Allocation ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in shares of SPDR SSgA Income Allocation ETF by 13.6% during the fourth quarter. Royal Bank of Canada now owns 16,049 shares of the company’s stock valued at $529,000 after acquiring an additional 1,922 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of SPDR SSgA Income Allocation ETF by 76.0% during the fourth quarter. Wells Fargo & Company MN now owns 40,203 shares of the company’s stock valued at $1,326,000 after acquiring an additional 17,362 shares in the last quarter. LPL Financial LLC increased its holdings in shares of SPDR SSgA Income Allocation ETF by 40.7% during the fourth quarter. LPL Financial LLC now owns 64,015 shares of the company’s stock valued at $2,112,000 after acquiring an additional 18,523 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of SPDR SSgA Income Allocation ETF by 1,405.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 13,174 shares of the company’s stock valued at $435,000 after acquiring an additional 12,299 shares in the last quarter. Finally, Manske Wealth Management increased its holdings in shares of SPDR SSgA Income Allocation ETF by 10.5% during the fourth quarter. Manske Wealth Management now owns 90,606 shares of the company’s stock valued at $2,989,000 after acquiring an additional 8,618 shares in the last quarter.

SPDR SSgA Income Allocation ETF Company Profile

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.