SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Short Interest Update

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 3,566 shares, a growth of 63.1% from the December 15th total of 2,187 shares. Based on an average trading volume of 5,590 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 5,590 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On SPDR SSgA Income Allocation ETF

A number of institutional investors have recently modified their holdings of INKM. Retireful LLC bought a new position in shares of SPDR SSgA Income Allocation ETF in the fourth quarter worth about $382,000. Citadel Advisors LLC grew its stake in shares of SPDR SSgA Income Allocation ETF by 7.9% during the third quarter. Citadel Advisors LLC now owns 8,901 shares of the company’s stock worth $295,000 after buying an additional 650 shares during the last quarter. Manske Wealth Management increased its holdings in shares of SPDR SSgA Income Allocation ETF by 1.8% during the third quarter. Manske Wealth Management now owns 81,988 shares of the company’s stock worth $2,716,000 after buying an additional 1,435 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of SPDR SSgA Income Allocation ETF by 5.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 55,813 shares of the company’s stock valued at $1,849,000 after acquiring an additional 3,077 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of SPDR SSgA Income Allocation ETF by 62.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $72,000 after acquiring an additional 833 shares during the last quarter.

SPDR SSgA Income Allocation ETF Price Performance

Shares of NYSEARCA:INKM opened at $33.58 on Friday. The company has a 50 day moving average of $33.33 and a 200-day moving average of $33.08. The stock has a market cap of $71.19 million, a price-to-earnings ratio of 20.24 and a beta of 0.54. SPDR SSgA Income Allocation ETF has a one year low of $29.92 and a one year high of $33.67.

About SPDR SSgA Income Allocation ETF

The SPDR SSgA Income Allocation ETF (INKM) is an exchange-traded fund that is based on the MSCI World index. The fund is an actively-managed, income-focused ETF of domestic and international ETFs with exposure to equities, investment-grade and high-yield debt, preferred stocks and REITs. INKM was launched on Apr 25, 2012 and is managed by State Street.