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

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 2,303 shares, an increase of 52.3% from the January 29th total of 1,512 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 5,166 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 5,166 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

SPDR SSgA Income Allocation ETF Stock Performance

INKM opened at $34.91 on Friday. SPDR SSgA Income Allocation ETF has a 1-year low of $29.92 and a 1-year high of $35.01. The company has a market capitalization of $73.66 million, a PE ratio of 20.24 and a beta of 0.54. The firm’s 50 day simple moving average is $33.92 and its two-hundred day simple moving average is $33.47.

Institutional Trading of SPDR SSgA Income Allocation ETF

Several hedge funds have recently bought and sold shares of INKM. Bank of America Corp DE purchased a new stake in SPDR SSgA Income Allocation ETF in the second quarter worth about $58,000. Jones Financial Companies Lllp raised its position in shares of SPDR SSgA Income Allocation ETF by 62.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $72,000 after purchasing an additional 833 shares during the period. Citadel Advisors LLC lifted its stake in shares of SPDR SSgA Income Allocation ETF by 7.9% during the 3rd quarter. Citadel Advisors LLC now owns 8,901 shares of the company’s stock valued at $295,000 after buying an additional 650 shares in the last quarter. Retireful LLC bought a new position in SPDR SSgA Income Allocation ETF in the 4th quarter worth $382,000. Finally, Simplicity Wealth LLC bought a new position in shares of SPDR SSgA Income Allocation ETF in the third quarter worth about $402,000.

About SPDR SSgA Income Allocation ETF

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.