SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Sees Significant Decrease in Short Interest

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 847 shares, a decline of 72.9% from the October 15th total of 3,131 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 32,392 shares, the days-to-cover ratio is currently 0.0 days.

SPDR SSgA Global Allocation ETF Stock Down 0.2%

Shares of NYSEARCA:GAL traded down $0.10 during trading on Friday, hitting $51.78. 6,714 shares of the company were exchanged, compared to its average volume of 15,087. SPDR SSgA Global Allocation ETF has a 1-year low of $48.37 and a 1-year high of $55.24. The company has a market capitalization of $325.70 million, a P/E ratio of 18.24 and a beta of 0.62. The business’s 50 day moving average is $52.72 and its 200-day moving average is $52.32.

Institutional Investors Weigh In On SPDR SSgA Global Allocation ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of GAL. Robinswood Financial LLC grew its holdings in shares of SPDR SSgA Global Allocation ETF by 22.1% during the third quarter. Robinswood Financial LLC now owns 54,949 shares of the company’s stock worth $2,878,000 after purchasing an additional 9,958 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of SPDR SSgA Global Allocation ETF in the third quarter valued at approximately $2,013,000. Geneos Wealth Management Inc. raised its holdings in SPDR SSgA Global Allocation ETF by 55.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 30,645 shares of the company’s stock valued at $1,517,000 after buying an additional 10,935 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in SPDR SSgA Global Allocation ETF by 32.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 29,963 shares of the company’s stock valued at $1,583,000 after buying an additional 7,359 shares during the last quarter. Finally, Gateway Wealth Partners LLC raised its holdings in SPDR SSgA Global Allocation ETF by 177.3% in the 1st quarter. Gateway Wealth Partners LLC now owns 22,370 shares of the company’s stock valued at $1,107,000 after buying an additional 14,302 shares during the last quarter.

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.