SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Shares Shorted: Short Interest Down 67.1% in September

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 4,688 shares, a drop of 67.1% from the September 15th total of 14,229 shares. Based on an average daily volume of 13,121 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On SPDR SSgA Global Allocation ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GAL. Geneos Wealth Management Inc. raised its stake in SPDR SSgA Global Allocation ETF by 55.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 30,645 shares of the company’s stock valued at $1,517,000 after acquiring an additional 10,935 shares in the last quarter. Robinswood Financial LLC bought a new position in shares of SPDR SSgA Global Allocation ETF in the first quarter worth $2,164,000. Gateway Wealth Partners LLC grew its stake in shares of SPDR SSgA Global Allocation ETF by 177.3% in the first quarter. Gateway Wealth Partners LLC now owns 22,370 shares of the company’s stock worth $1,107,000 after purchasing an additional 14,302 shares in the last quarter. Ascentis Independent Advisors grew its stake in shares of SPDR SSgA Global Allocation ETF by 134.7% in the first quarter. Ascentis Independent Advisors now owns 26,572 shares of the company’s stock worth $1,315,000 after purchasing an additional 15,251 shares in the last quarter. Finally, 46 Peaks LLC acquired a new position in shares of SPDR SSgA Global Allocation ETF during the fourth quarter valued at $8,454,000.

SPDR SSgA Global Allocation ETF Stock Performance

Shares of GAL traded down $0.05 during mid-day trading on Monday, reaching $52.76. 1,980 shares of the company’s stock traded hands, compared to its average volume of 14,220. The business’s 50-day moving average price is $53.45 and its 200-day moving average price is $52.71. The stock has a market capitalization of $318.67 million, a P/E ratio of 18.24 and a beta of 0.62. SPDR SSgA Global Allocation ETF has a 12 month low of $48.37 and a 12 month high of $55.24.

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.