SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Sees Significant Growth in Short Interest

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 14,229 shares, a growth of 98.2% from the August 31st total of 7,180 shares. Based on an average trading volume of 10,747 shares, the short-interest ratio is presently 1.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of SPDR SSgA Global Allocation ETF

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF in the second quarter valued at $115,000. Western Wealth Management LLC bought a new position in shares of SPDR SSgA Global Allocation ETF during the 1st quarter worth $122,000. 46 Peaks LLC grew its stake in shares of SPDR SSgA Global Allocation ETF by 2.1% during the 1st quarter. 46 Peaks LLC now owns 174,483 shares of the company’s stock worth $8,637,000 after acquiring an additional 3,526 shares during the period. Citadel Advisors LLC bought a new position in shares of SPDR SSgA Global Allocation ETF during the 2nd quarter worth $279,000. Finally, Ameritas Advisory Services LLC increased its holdings in SPDR SSgA Global Allocation ETF by 32.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 29,963 shares of the company’s stock worth $1,583,000 after acquiring an additional 7,359 shares during the last quarter.

SPDR SSgA Global Allocation ETF Stock Down 0.2%

Shares of GAL stock opened at $52.42 on Thursday. The firm has a market cap of $314.00 million, a P/E ratio of 18.24 and a beta of 0.62. The company has a 50 day moving average of $53.40 and a 200-day moving average of $52.57. SPDR SSgA Global Allocation ETF has a 12-month low of $48.37 and a 12-month high of $55.24.

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.