Short Interest in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Expands By 1,042.5%

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 14,133 shares, a growth of 1,042.5% from the May 14th total of 1,237 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,458 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On SPDR SSgA Global Allocation ETF

Several institutional investors have recently added to or reduced their stakes in GAL. 46 Peaks LLC purchased a new position in shares of SPDR SSgA Global Allocation ETF in the 4th quarter worth approximately $8,454,000. Robinswood Financial LLC purchased a new position in shares of SPDR SSgA Global Allocation ETF in the 1st quarter worth approximately $2,164,000. Raymond James Financial Inc. boosted its holdings 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 worth $26,383,000 after purchasing an additional 21,230 shares during the period. Bright Financial Advisors Inc. boosted its holdings in shares of SPDR SSgA Global Allocation ETF by 11.6% in the 3rd 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. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of SPDR SSgA Global Allocation ETF by 838.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 19,710 shares of the company’s stock worth $975,000 after purchasing an additional 17,610 shares during the period.

SPDR SSgA Global Allocation ETF Stock Down 0.0%

NYSEARCA GAL traded down $0.02 during trading on Tuesday, hitting $52.73. 4,570 shares of the stock traded hands, compared to its average volume of 16,451. The company has a market capitalization of $309.00 million, a P/E ratio of 18.24 and a beta of 0.61. The firm has a 50-day simple moving average of $52.21 and a 200-day simple moving average of $51.04. SPDR SSgA Global Allocation ETF has a 12-month low of $46.22 and a 12-month high of $55.24.

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.