Short Interest in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Decreases By 34.6%
by Doug Wharley · The Cerbat GemSPDR SSgA Income Allocation ETF (NYSEARCA:INKM – Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 5,291 shares, a decline of 34.6% from the March 15th total of 8,093 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 21,051 shares, the days-to-cover ratio is presently 0.3 days.
SPDR SSgA Income Allocation ETF Stock Performance
INKM traded down $0.03 during trading on Wednesday, hitting $34.26. The stock had a trading volume of 566 shares, compared to its average volume of 11,880. The firm has a market capitalization of $69.89 million, a P/E ratio of 20.24 and a beta of 0.52. The company’s 50-day moving average price is $34.19 and its 200 day moving average price is $33.64. SPDR SSgA Income Allocation ETF has a twelve month low of $30.86 and a twelve month high of $35.01.
Hedge Funds Weigh In On SPDR SSgA Income Allocation ETF
Several institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC increased its stake in SPDR SSgA Income Allocation ETF by 7.9% in 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 during the period. Jones Financial Companies Lllp grew its stake 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 worth $72,000 after purchasing an additional 833 shares during the period. Manske Wealth Management grew its stake in shares of SPDR SSgA Income Allocation ETF by 1.8% during the 3rd quarter. Manske Wealth Management now owns 81,988 shares of the company’s stock worth $2,716,000 after purchasing an additional 1,435 shares during the period. Truist Financial Corp grew its stake in shares of SPDR SSgA Income Allocation ETF by 3.1% during the 4th quarter. Truist Financial Corp now owns 57,373 shares of the company’s stock worth $1,893,000 after purchasing an additional 1,750 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of SPDR SSgA Income Allocation ETF during the 2nd quarter worth $58,000.
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.