SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Shares Shorted: Short Interest Up 234.6% in October

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,586 shares, a growth of 234.6% from the September 30th total of 474 shares. Based on an average daily trading volume, of 11,930 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of SPDR SSgA Income Allocation ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Elevation Capital Advisory LLC bought a new position in SPDR SSgA Income Allocation ETF in the third quarter worth $1,156,000. Ameritas Advisory Services LLC raised its stake in shares of SPDR SSgA Income Allocation ETF by 23.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 18,725 shares of the company’s stock valued at $643,000 after buying an additional 3,513 shares in the last quarter. Finally, Retireful LLC acquired a new position in shares of SPDR SSgA Income Allocation ETF in the 2nd quarter valued at $309,000.

SPDR SSgA Income Allocation ETF Trading Down 0.1%

INKM traded down $0.04 during midday trading on Friday, reaching $33.97. The company’s stock had a trading volume of 5,187 shares, compared to its average volume of 12,154. The company has a fifty day simple moving average of $33.92 and a 200 day simple moving average of $34.22. The stock has a market cap of $70.32 million, a P/E ratio of 20.24 and a beta of 0.51. SPDR SSgA Income Allocation ETF has a twelve month low of $32.71 and a twelve month high of $35.01.

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.