SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Short Interest Update
by Scott Moore · The Cerbat GemSPDR SSgA Global Allocation ETF (NYSEARCA:GAL – Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,237 shares, a drop of 87.5% from the April 30th total of 9,913 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 25,419 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On SPDR SSgA Global Allocation ETF
Hedge funds have recently modified their holdings of the stock. Capital Analysts LLC bought a new stake in SPDR SSgA Global Allocation ETF in the fourth quarter worth $60,000. Key Financial Inc increased its position in SPDR SSgA Global Allocation ETF by 47.4% in the third quarter. Key Financial Inc now owns 1,518 shares of the company’s stock worth $75,000 after purchasing an additional 488 shares during the last quarter. Western Wealth Management LLC bought a new stake in SPDR SSgA Global Allocation ETF in the first quarter worth $122,000. GGM Financials LLC bought a new stake in SPDR SSgA Global Allocation ETF in the third quarter worth $123,000. Finally, N.E.W. Advisory Services LLC increased its position in SPDR SSgA Global Allocation ETF by 13.6% in the fourth 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 during the last quarter.
SPDR SSgA Global Allocation ETF Stock Performance
NYSEARCA:GAL remained flat at $53.66 during trading hours on Friday. 7,699 shares of the company’s stock traded hands, compared to its average volume of 16,843. SPDR SSgA Global Allocation ETF has a twelve month low of $45.89 and a twelve month high of $55.24. The stock has a market capitalization of $314.45 million, a P/E ratio of 18.24 and a beta of 0.62. The firm has a 50-day moving average of $51.64 and a 200 day moving average of $50.84.
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.