SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Short Interest Up 87.5% in June

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

SPDR SSgA Global Allocation ETF Stock Down 0.4%

Shares of GAL traded down $0.19 during mid-day trading on Thursday, hitting $52.82. The stock had a trading volume of 5,717 shares, compared to its average volume of 15,125. 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 cap of $304.24 million, a PE ratio of 18.24 and a beta of 0.61. The company’s fifty day simple moving average is $53.05 and its two-hundred day simple moving average is $51.60.

Hedge Funds Weigh In On SPDR SSgA Global Allocation ETF

Hedge funds have recently added to or reduced their stakes in the business. Capital Analysts LLC bought a new stake in SPDR SSgA Global Allocation ETF during the fourth quarter valued at $60,000. Western Wealth Management LLC acquired a new stake in shares of SPDR SSgA Global Allocation ETF during the first quarter worth $122,000. N.E.W. Advisory Services LLC lifted its position in shares of SPDR SSgA Global Allocation ETF by 13.6% in the 4th quarter. N.E.W. Advisory Services LLC now owns 3,457 shares of the company’s stock worth $171,000 after buying an additional 413 shares during the last quarter. Jane Street Group LLC bought a new position in shares of SPDR SSgA Global Allocation ETF in the 1st quarter worth about $207,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of SPDR SSgA Global Allocation ETF by 89.6% in the 4th quarter. Farther Finance Advisors LLC now owns 4,505 shares of the company’s stock valued at $223,000 after buying an additional 2,129 shares during the period.

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.