Short Interest in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Grows By 87.5%

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 21,583 shares, a growth of 87.5% from the June 15th total of 11,508 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 9,289 shares, the short-interest ratio is currently 2.3 days.

Institutional Trading of SPDR SSgA Global Allocation ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in GAL. Royal Bank of Canada boosted its position in shares of SPDR SSgA Global Allocation ETF by 2.2% in the 4th quarter. Royal Bank of Canada now owns 12,851 shares of the company’s stock valued at $635,000 after purchasing an additional 282 shares during the period. OLD National Bancorp IN increased its position in SPDR SSgA Global Allocation ETF by 3.0% during the fourth quarter. OLD National Bancorp IN now owns 13,858 shares of the company’s stock worth $685,000 after buying an additional 408 shares during the period. N.E.W. Advisory Services LLC lifted its stake in SPDR SSgA Global Allocation ETF by 13.6% in the fourth quarter. N.E.W. Advisory Services LLC now owns 3,457 shares of the company’s stock valued at $171,000 after buying an additional 413 shares during the last quarter. Rossmore Private Capital lifted its stake in SPDR SSgA Global Allocation ETF by 2.6% in the fourth quarter. Rossmore Private Capital now owns 21,042 shares of the company’s stock valued at $1,041,000 after buying an additional 526 shares during the last quarter. Finally, Capital Analysts LLC acquired a new stake in shares of SPDR SSgA Global Allocation ETF in the fourth quarter valued at approximately $60,000.

SPDR SSgA Global Allocation ETF Trading Down 0.5%

NYSEARCA:GAL traded down $0.26 during midday trading on Friday, hitting $52.56. 2,815 shares of the company were exchanged, compared to its average volume of 15,034. SPDR SSgA Global Allocation ETF has a fifty-two week low of $46.73 and a fifty-two week high of $55.24. The company has a market capitalization of $302.75 million, a PE ratio of 18.24 and a beta of 0.61. The company has a fifty day simple moving average of $53.04 and a 200 day simple moving average of $51.61.

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.