SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Short Interest Down 69.2% in January

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 5,124 shares, a decline of 69.2% from the December 31st total of 16,611 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 32,933 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 32,933 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

SPDR SSgA Global Allocation ETF Stock Down 0.1%

Shares of SPDR SSgA Global Allocation ETF stock traded down $0.04 during trading hours on Wednesday, hitting $51.22. The company’s stock had a trading volume of 3,279 shares, compared to its average volume of 22,404. The business has a fifty day moving average of $50.12 and a 200 day moving average of $49.14. SPDR SSgA Global Allocation ETF has a 1-year low of $41.00 and a 1-year high of $51.29. The company has a market capitalization of $282.22 million, a PE ratio of 18.24 and a beta of 0.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. boosted its holdings in SPDR SSgA Global Allocation ETF by 4.1% in the third quarter. Raymond James Financial Inc. now owns 537,129 shares of the company’s stock valued at $26,383,000 after purchasing an additional 21,230 shares during the last quarter. Bright Financial Advisors Inc. raised its position in shares of SPDR SSgA Global Allocation ETF by 11.6% in the 3rd quarter. Bright Financial Advisors Inc. now owns 178,185 shares of the company’s stock valued at $8,752,000 after purchasing an additional 18,529 shares in the last quarter. Taylor Financial Group Inc. boosted its stake in shares of SPDR SSgA Global Allocation ETF by 7.9% during the 3rd quarter. Taylor Financial Group Inc. now owns 75,211 shares of the company’s stock valued at $3,694,000 after buying an additional 5,529 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of SPDR SSgA Global Allocation ETF by 10.3% during the 2nd quarter. Osaic Holdings Inc. now owns 44,708 shares of the company’s stock valued at $2,101,000 after buying an additional 4,176 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its position in shares of SPDR SSgA Global Allocation ETF by 17.3% during the third quarter. Ameritas Advisory Services LLC now owns 26,678 shares of the company’s stock worth $1,310,000 after buying an additional 3,939 shares in the last quarter.

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.