Short Interest in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Drops By 67.1%

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,602 shares, a decrease of 67.1% from the June 15th total of 7,897 shares. Based on an average daily trading volume, of 3,720 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of SPDR SSgA Income Allocation ETF

Several institutional investors have recently added to or reduced their stakes in INKM. Bank of America Corp DE acquired a new stake in shares of SPDR SSgA Income Allocation ETF in the second quarter valued at $58,000. Citadel Advisors LLC increased its stake in SPDR SSgA Income Allocation ETF by 7.9% during the 3rd 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 period. Retireful LLC acquired a new stake in SPDR SSgA Income Allocation ETF during the 4th quarter worth approximately $382,000. Ameritas Advisory Services LLC boosted its position in SPDR SSgA Income Allocation ETF by 1,405.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 13,174 shares of the company’s stock valued at $435,000 after buying an additional 12,299 shares during the period. Finally, Royal Bank of Canada boosted its holdings in SPDR SSgA Income Allocation ETF by 13.6% in the fourth quarter. Royal Bank of Canada now owns 16,049 shares of the company’s stock valued at $529,000 after purchasing an additional 1,922 shares during the period.

SPDR SSgA Income Allocation ETF Price Performance

Shares of INKM opened at $34.44 on Monday. The firm has a 50-day simple moving average of $34.53 and a two-hundred day simple moving average of $34.17. The stock has a market cap of $71.98 million, a PE ratio of 20.24 and a beta of 0.50. SPDR SSgA Income Allocation ETF has a 1-year low of $32.04 and a 1-year high of $35.01.

SPDR SSgA Income Allocation ETF Company Profile

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.