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

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1,237 shares, a decrease of 87.5% from the April 30th total of 9,913 shares. Based on an average daily volume of 25,419 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

SPDR SSgA Global Allocation ETF Stock Performance

SPDR SSgA Global Allocation ETF stock traded up $0.20 during trading hours on Thursday, hitting $53.65. 5,436 shares of the stock were exchanged, compared to its average volume of 16,929. The stock has a market capitalization of $314.39 million, a P/E ratio of 18.24 and a beta of 0.62. SPDR SSgA Global Allocation ETF has a 12 month low of $45.89 and a 12 month high of $55.24. The business’s 50-day moving average is $51.50 and its two-hundred day moving average is $50.79.

Institutional Trading of SPDR SSgA Global Allocation ETF

Large investors have recently added to or reduced their stakes in the company. Bright Financial Advisors Inc. grew its stake in SPDR SSgA Global Allocation ETF by 11.6% during the third quarter. Bright Financial Advisors Inc. now owns 178,185 shares of the company’s stock worth $8,752,000 after buying an additional 18,529 shares during the last quarter. Key Financial Inc grew its stake in SPDR SSgA Global Allocation ETF by 926.3% during the fourth quarter. Key Financial Inc now owns 15,579 shares of the company’s stock worth $770,000 after buying an additional 14,061 shares during the last quarter. Ascentis Independent Advisors grew its stake in SPDR SSgA Global Allocation ETF by 134.7% during the first quarter. Ascentis Independent Advisors now owns 26,572 shares of the company’s stock worth $1,315,000 after buying an additional 15,251 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in SPDR SSgA Global Allocation ETF during the first quarter worth about $419,000. Finally, 46 Peaks LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF during the fourth quarter valued at approximately $8,454,000.

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.