SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Short Interest Up 87.5% in June

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 21,583 shares, a growth of 87.5% from the June 15th total of 11,508 shares. Based on an average trading volume of 9,289 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.4% of the company’s shares are sold short.

SPDR SSgA Global Allocation ETF Stock Performance

Shares of GAL opened at $52.56 on Friday. SPDR SSgA Global Allocation ETF has a 1 year low of $46.73 and a 1 year high of $55.24. The stock has a market capitalization of $302.75 million, a PE ratio of 18.24 and a beta of 0.61. The company’s 50-day simple moving average is $53.04 and its 200-day simple moving average is $51.61.

Institutional Trading of SPDR SSgA Global Allocation ETF

Hedge funds have recently added to or reduced their stakes in the stock. Key Financial Inc increased its holdings in shares of SPDR SSgA Global Allocation ETF by 926.3% in the fourth quarter. Key Financial Inc now owns 15,579 shares of the company’s stock valued at $770,000 after purchasing an additional 14,061 shares during the period. Ascentis Independent Advisors raised its stake in shares of SPDR SSgA Global Allocation ETF by 134.7% during the first quarter. Ascentis Independent Advisors now owns 26,572 shares of the company’s stock worth $1,315,000 after purchasing an additional 15,251 shares during the last quarter. 46 Peaks LLC acquired a new stake in shares of SPDR SSgA Global Allocation ETF during the fourth quarter worth $8,454,000. Silver Oak Securities Incorporated purchased a new position in SPDR SSgA Global Allocation ETF in the 1st quarter valued at $419,000. Finally, Western Wealth Management LLC purchased a new position in SPDR SSgA Global Allocation ETF in the 1st quarter valued at $122,000.

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.