SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Shares Shorted: Short Interest Down 74.6% in September

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 11,284 shares, a drop of 74.6% from the August 31st total of 44,495 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 5,296 shares, the days-to-cover ratio is currently 2.1 days.

SPDR SSgA Income Allocation ETF Stock Down 1.0%

Shares of NYSEARCA INKM traded down $0.35 during trading on Friday, reaching $33.40. The company had a trading volume of 16,549 shares, compared to its average volume of 11,415. The stock has a market cap of $78.16 million, a P/E ratio of 20.24 and a beta of 0.50. The company’s fifty day moving average price is $34.48 and its 200-day moving average price is $34.36. SPDR SSgA Income Allocation ETF has a 12 month low of $32.71 and a 12 month high of $35.01.

Institutional Trading of SPDR SSgA Income Allocation ETF

A hedge fund recently raised its position in SPDR SSgA Income Allocation ETF stock. Ameritas Advisory Services LLC raised its position in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) by 23.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,725 shares of the company’s stock after buying an additional 3,513 shares during the period. Ameritas Advisory Services LLC owned 0.87% of SPDR SSgA Income Allocation ETF worth $643,000 as of its most recent filing with the SEC.

About SPDR SSgA Income Allocation ETF

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.