SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Short Interest Up 272.1% in April
by Amy Steele · The Cerbat GemSPDR SSgA Global Allocation ETF (NYSEARCA:GAL – Get Free Report) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 9,913 shares, an increase of 272.1% from the April 15th total of 2,664 shares. Based on an average daily volume of 11,870 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are short sold.
SPDR SSgA Global Allocation ETF Stock Performance
Shares of NYSEARCA:GAL traded down $0.70 during trading hours on Friday, reaching $52.66. The stock had a trading volume of 195,511 shares, compared to its average volume of 17,466. SPDR SSgA Global Allocation ETF has a 1 year low of $45.40 and a 1 year high of $55.24. The firm’s 50 day moving average is $51.08 and its 200-day moving average is $50.59. The stock has a market capitalization of $308.59 million, a price-to-earnings ratio of 18.24 and a beta of 0.62.
Institutional Investors Weigh In On SPDR SSgA Global Allocation ETF
A number of large investors have recently modified their holdings of GAL. Royal Bank of Canada grew its position in shares of SPDR SSgA Global Allocation ETF by 2.2% in the 4th quarter. Royal Bank of Canada now owns 12,851 shares of the company’s stock valued at $635,000 after buying an additional 282 shares during the last quarter. WealthShield Partners LLC grew its position in shares of SPDR SSgA Global Allocation ETF by 6.8% in the 3rd quarter. WealthShield Partners LLC now owns 4,466 shares of the company’s stock valued at $219,000 after buying an additional 283 shares during the last quarter. OLD National Bancorp IN grew 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 valued at $685,000 after buying an additional 408 shares during the last quarter. N.E.W. Advisory Services LLC grew 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 valued at $171,000 after buying an additional 413 shares during the last quarter. Finally, Key Financial Inc grew its position 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 valued at $75,000 after buying an additional 488 shares during the last quarter.
About SPDR SSgA Global Allocation ETF
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.