SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Short Interest Up 76.3% in January

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 6,287 shares, a growth of 76.3% from the December 31st total of 3,566 shares. Based on an average daily volume of 12,380 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 12,380 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On SPDR SSgA Income Allocation ETF

Large investors have recently added to or reduced their stakes in the business. Elevation Capital Advisory LLC acquired a new position in SPDR SSgA Income Allocation ETF during the 3rd quarter valued at about $5,474,000. Manske Wealth Management lifted its holdings in shares of SPDR SSgA Income Allocation ETF by 1.8% in the third quarter. Manske Wealth Management now owns 81,988 shares of the company’s stock valued at $2,716,000 after purchasing an additional 1,435 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SPDR SSgA Income Allocation ETF by 5.8% during the third quarter. Envestnet Asset Management Inc. now owns 55,813 shares of the company’s stock valued at $1,849,000 after buying an additional 3,077 shares during the last quarter. Truist Financial Corp boosted its position in shares of SPDR SSgA Income Allocation ETF by 5.9% during the third quarter. Truist Financial Corp now owns 55,623 shares of the company’s stock valued at $1,842,000 after buying an additional 3,075 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new stake in SPDR SSgA Income Allocation ETF during the third quarter worth $402,000.

SPDR SSgA Income Allocation ETF Trading Down 0.0%

Shares of INKM stock opened at $33.85 on Monday. The firm has a fifty day simple moving average of $33.46 and a two-hundred day simple moving average of $33.18. SPDR SSgA Income Allocation ETF has a 12 month low of $29.92 and a 12 month high of $33.90. The firm has a market capitalization of $71.76 million, a PE ratio of 20.24 and a beta of 0.54.

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.