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

SPDR SSgA Income Allocation ETF (NYSEARCA:INKMGet Free Report) saw a large 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. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 5,166 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 5,166 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR SSgA Income Allocation ETF

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

SPDR SSgA Income Allocation ETF Stock Performance

SPDR SSgA Income Allocation ETF stock opened at $34.91 on Friday. The stock’s 50 day moving average price is $33.92 and its 200 day moving average price is $33.47. The firm has a market capitalization of $73.66 million, a PE ratio of 20.24 and a beta of 0.54. SPDR SSgA Income Allocation ETF has a one year low of $29.92 and a one year high of $35.01.

SPDR SSgA Income Allocation ETF Company Profile

(Get Free Report)

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.

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