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

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 4,438 shares, a decrease of 13.4% from the January 15th total of 5,124 shares. Based on an average trading volume of 12,798 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 12,798 shares, the short-interest ratio is presently 0.3 days.

SPDR SSgA Global Allocation ETF Stock Up 0.4%

NYSEARCA GAL opened at $51.46 on Thursday. The firm has a market capitalization of $286.12 million, a PE ratio of 18.24 and a beta of 0.63. The stock’s 50 day moving average is $50.56 and its 200 day moving average is $49.55. SPDR SSgA Global Allocation ETF has a twelve month low of $41.00 and a twelve month high of $51.73.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in SPDR SSgA Global Allocation ETF by 2.2% during the fourth quarter. Royal Bank of Canada now owns 12,851 shares of the company’s stock worth $635,000 after acquiring an additional 282 shares in the last quarter. WealthShield Partners LLC lifted its holdings in shares of SPDR SSgA Global Allocation ETF by 6.8% during the third quarter. WealthShield Partners LLC now owns 4,466 shares of the company’s stock valued at $219,000 after purchasing an additional 283 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of SPDR SSgA Global Allocation ETF by 3.0% in the 4th quarter. OLD National Bancorp IN now owns 13,858 shares of the company’s stock worth $685,000 after purchasing an additional 408 shares in the last quarter. N.E.W. Advisory Services LLC boosted 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 purchasing an additional 413 shares in the last quarter. Finally, Key Financial Inc grew its stake in shares of SPDR SSgA Global Allocation ETF by 47.4% in the 3rd quarter. Key Financial Inc now owns 1,518 shares of the company’s stock worth $75,000 after buying an additional 488 shares during the last quarter.

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.