SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Stock Short Interest Report for September

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 4,688 shares, a drop of 67.1% from the September 15th total of 14,229 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 13,121 shares, the short-interest ratio is currently 0.4 days.

SPDR SSgA Global Allocation ETF Price Performance

NYSEARCA:GAL traded down $0.41 during midday trading on Wednesday, reaching $52.42. 15,569 shares of the company traded hands, compared to its average volume of 14,295. SPDR SSgA Global Allocation ETF has a twelve month low of $48.37 and a twelve month high of $55.24. The firm has a market capitalization of $317.67 million, a price-to-earnings ratio of 18.24 and a beta of 0.62. The company has a fifty day moving average price of $53.43 and a 200 day moving average price of $52.76.

Institutional Investors Weigh In On SPDR SSgA Global Allocation ETF

A number of hedge funds have recently added to or reduced their stakes in GAL. Integrated Wealth Concepts LLC bought a new position in shares of SPDR SSgA Global Allocation ETF during the second quarter worth about $115,000. Western Wealth Management LLC bought a new stake in SPDR SSgA Global Allocation ETF in the 1st quarter valued at about $122,000. Citadel Advisors LLC acquired a new position in SPDR SSgA Global Allocation ETF during the 2nd quarter valued at about $279,000. Farther Finance Advisors LLC boosted its stake in SPDR SSgA Global Allocation ETF by 4.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,123 shares of the company’s stock valued at $321,000 after purchasing an additional 263 shares during the period. Finally, Silver Oak Securities Incorporated acquired a new position in SPDR SSgA Global Allocation ETF during the 1st quarter valued at about $419,000.

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.