SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Short Interest Down 67.9% in August

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 9,206 shares, a decline of 67.9% from the July 30th total of 28,720 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 9,075 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 46 Peaks LLC acquired a new position in shares of SPDR SSgA Global Allocation ETF in the 4th quarter worth approximately $8,454,000. Robinswood Financial LLC bought a new position in SPDR SSgA Global Allocation ETF in the 1st quarter valued at $2,164,000. Raymond James Financial Inc. raised its position in SPDR SSgA Global Allocation ETF by 4.1% in the 3rd quarter. Raymond James Financial Inc. now owns 537,129 shares of the company’s stock valued at $26,383,000 after purchasing an additional 21,230 shares during the last quarter. Ascentis Independent Advisors boosted its stake in SPDR SSgA Global Allocation ETF by 134.7% in 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 in the last quarter. Finally, Gateway Wealth Partners LLC grew its holdings in shares of SPDR SSgA Global Allocation ETF by 177.3% during the first quarter. Gateway Wealth Partners LLC now owns 22,370 shares of the company’s stock worth $1,107,000 after purchasing an additional 14,302 shares during the last quarter.

SPDR SSgA Global Allocation ETF Trading Down 0.1%

GAL stock opened at $53.93 on Thursday. SPDR SSgA Global Allocation ETF has a 1-year low of $47.78 and a 1-year high of $55.24. The business’s 50 day moving average is $53.08 and its 200-day moving average is $52.18. The firm has a market cap of $313.87 million, a P/E ratio of 18.24 and a beta of 0.61.

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.