SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Short Interest Update

by · The Markets Daily

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM – Get Free Report) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 11,284 shares, a decrease of 74.6% from the August 31st total of 44,495 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 5,296 shares, the days-to-cover ratio is presently 2.1 days.

SPDR SSgA Income Allocation ETF Trading Down 0.5%

INKM stock traded down $0.18 during trading on Monday, reaching $33.22. The stock had a trading volume of 64,799 shares, compared to its average volume of 11,704. The firm has a market cap of $77.73 million, a PE ratio of 20.24 and a beta of 0.50. The stock’s 50 day moving average is $34.48 and its two-hundred day moving average is $34.36. SPDR SSgA Income Allocation ETF has a 52 week low of $32.71 and a 52 week high of $35.01.

Hedge Funds Weigh In On SPDR SSgA Income Allocation ETF

An institutional investor recently raised its stake in SPDR SSgA Income Allocation ETF stock. Ameritas Advisory Services LLC increased its holdings in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM – Free Report) by 23.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,725 shares of the company’s stock after buying an additional 3,513 shares during the quarter. Ameritas Advisory Services LLC owned 0.87% of SPDR SSgA Income Allocation ETF worth $643,000 at the end of the most recent reporting period.

About SPDR SSgA Income Allocation ETF

(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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