SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Sees Significant Increase in Short Interest

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 6,287 shares, an increase of 76.3% from the December 31st total of 3,566 shares. Based on an average daily trading volume, of 12,380 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 12,380 shares, the short-interest ratio is currently 0.5 days.

SPDR SSgA Income Allocation ETF Stock Performance

INKM stock opened at $33.85 on Friday. SPDR SSgA Income Allocation ETF has a one year low of $29.92 and a one year high of $33.90. The firm has a market cap of $71.76 million, a PE ratio of 20.24 and a beta of 0.54. The firm’s 50 day moving average price is $33.46 and its 200-day moving average price is $33.17.

Hedge Funds Weigh In On SPDR SSgA Income Allocation ETF

Hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR SSgA Income Allocation ETF during the 2nd quarter worth about $28,000. Bank of America Corp DE purchased a new position in SPDR SSgA Income Allocation ETF during the second quarter worth about $58,000. Jones Financial Companies Lllp increased its position in shares of SPDR SSgA Income Allocation ETF by 62.2% during the third 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. Ballast Inc. purchased a new stake in shares of SPDR SSgA Income Allocation ETF in the 2nd quarter valued at approximately $204,000. Finally, Citadel Advisors LLC lifted its holdings in shares of SPDR SSgA Income Allocation ETF by 7.9% in the 3rd quarter. Citadel Advisors LLC now owns 8,901 shares of the company’s stock worth $295,000 after acquiring an additional 650 shares during the last quarter.

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.