SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Short Interest Update

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 3,861 shares, a growth of 414.8% from the March 15th total of 750 shares. Based on an average trading volume of 14,956 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GAL. Royal Bank of Canada increased its holdings in SPDR SSgA Global Allocation ETF by 2.2% in the fourth quarter. Royal Bank of Canada now owns 12,851 shares of the company’s stock valued at $635,000 after buying an additional 282 shares during the last quarter. WealthShield Partners LLC increased its holdings in SPDR SSgA Global Allocation ETF by 6.8% in the third quarter. WealthShield Partners LLC now owns 4,466 shares of the company’s stock valued at $219,000 after buying an additional 283 shares during the last quarter. OLD National Bancorp IN increased its holdings in SPDR SSgA Global Allocation ETF by 3.0% in the fourth quarter. OLD National Bancorp IN now owns 13,858 shares of the company’s stock valued at $685,000 after buying an additional 408 shares during the last quarter. N.E.W. Advisory Services LLC grew its holdings in shares of SPDR SSgA Global Allocation ETF by 13.6% during the fourth quarter. N.E.W. Advisory Services LLC now owns 3,457 shares of the company’s stock valued at $171,000 after purchasing an additional 413 shares during the last quarter. Finally, Key Financial Inc grew its holdings in shares of SPDR SSgA Global Allocation ETF by 47.4% during the third quarter. Key Financial Inc now owns 1,518 shares of the company’s stock valued at $75,000 after purchasing an additional 488 shares during the last quarter.

SPDR SSgA Global Allocation ETF Price Performance

GAL opened at $51.00 on Monday. SPDR SSgA Global Allocation ETF has a 12 month low of $41.00 and a 12 month high of $52.00. The business has a 50 day simple moving average of $50.57 and a 200-day simple moving average of $50.09. The stock has a market capitalization of $296.31 million, a P/E ratio of 18.24 and a beta of 0.62.

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.