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

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 5,856 shares, a growth of 125.1% from the June 30th total of 2,602 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 2,370 shares, the short-interest ratio is currently 2.5 days.

Hedge Funds Weigh In On SPDR SSgA Income Allocation ETF

Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC boosted its position in SPDR SSgA Income Allocation ETF by 7.9% during the 3rd quarter. Citadel Advisors LLC now owns 8,901 shares of the company’s stock worth $295,000 after acquiring an additional 650 shares during the period. Truist Financial Corp increased its holdings in shares of SPDR SSgA Income Allocation ETF by 3.1% in the fourth quarter. Truist Financial Corp now owns 57,373 shares of the company’s stock valued at $1,893,000 after buying an additional 1,750 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of SPDR SSgA Income Allocation ETF during the second quarter worth $58,000. Royal Bank of Canada raised its holdings in SPDR SSgA Income Allocation ETF by 13.6% during the 4th quarter. Royal Bank of Canada now owns 16,049 shares of the company’s stock worth $529,000 after buying an additional 1,922 shares during the period. Finally, Manske Wealth Management lifted its position in shares of SPDR SSgA Income Allocation ETF by 10.5% in the 4th 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 Trading Up 0.6%

NYSEARCA INKM traded up $0.21 during trading hours on Tuesday, reaching $34.64. 720 shares of the company traded hands, compared to its average volume of 10,524. The stock has a market capitalization of $72.40 million, a PE ratio of 20.24 and a beta of 0.50. SPDR SSgA Income Allocation ETF has a 12 month low of $32.32 and a 12 month high of $35.01. The company has a 50 day moving average of $34.53 and a two-hundred day moving average of $34.26.

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.