SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Short Interest Update

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 14,610 shares, an increase of 140.7% from the April 30th total of 6,071 shares. Based on an average daily volume of 7,222 shares, the short-interest ratio is presently 2.0 days. Currently, 0.7% of the company’s stock are short sold.

SPDR SSgA Income Allocation ETF Stock Performance

Shares of SPDR SSgA Income Allocation ETF stock traded down $0.03 during trading on Friday, hitting $34.69. 446 shares of the stock traded hands, compared to its average volume of 13,178. The stock has a market cap of $75.97 million, a P/E ratio of 20.24 and a beta of 0.51. The company has a fifty day moving average price of $34.15 and a two-hundred day moving average price of $33.90. SPDR SSgA Income Allocation ETF has a twelve month low of $32.02 and a twelve month high of $35.01.

Institutional Trading of SPDR SSgA Income Allocation ETF

Several large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in shares of SPDR SSgA Income Allocation ETF by 5.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 55,813 shares of the company’s stock worth $1,849,000 after purchasing an additional 3,077 shares during the last quarter. Manske Wealth Management boosted its holdings in SPDR SSgA Income Allocation ETF by 10.5% in the fourth quarter. Manske Wealth Management now owns 90,606 shares of the company’s stock worth $2,989,000 after purchasing an additional 8,618 shares in the last quarter. Royal Bank of Canada increased its position in SPDR SSgA Income Allocation ETF by 13.6% during the fourth quarter. Royal Bank of Canada now owns 16,049 shares of the company’s stock worth $529,000 after buying an additional 1,922 shares during the last quarter. Wells Fargo & Company MN increased its position in SPDR SSgA Income Allocation ETF by 76.0% during the fourth quarter. Wells Fargo & Company MN now owns 40,203 shares of the company’s stock worth $1,326,000 after buying an additional 17,362 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in SPDR SSgA Income Allocation ETF by 40.7% during the fourth quarter. LPL Financial LLC now owns 64,015 shares of the company’s stock valued at $2,112,000 after buying an additional 18,523 shares in 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.