SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) Short Interest Up 3,162.1% in August

by · The Markets Daily

SPDR SSgA Income Allocation ETF (NYSEARCA:INKM – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 44,495 shares, an increase of 3,162.1% from the August 15th total of 1,364 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average daily volume of 21,196 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On SPDR SSgA Income Allocation ETF

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE bought a new stake in SPDR SSgA Income Allocation ETF in the second quarter valued at approximately $58,000. Citadel Advisors LLC raised its holdings 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 purchasing an additional 650 shares during the last quarter. Truist Financial Corp raised its holdings in 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 last quarter. Ameritas Advisory Services LLC raised its holdings in SPDR SSgA Income Allocation ETF by 1,405.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 13,174 shares of the company’s stock worth $435,000 after purchasing an additional 12,299 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of SPDR SSgA Income Allocation ETF by 40.7% in the 4th quarter. LPL Financial LLC now owns 64,015 shares of the company’s stock worth $2,112,000 after purchasing an additional 18,523 shares during the period.

SPDR SSgA Income Allocation ETF Trading Up 0.2%

Shares of INKM opened at $34.23 on Friday. The stock’s 50-day moving average price is $34.57 and its two-hundred day moving average price is $34.41. SPDR SSgA Income Allocation ETF has a 12 month low of $32.71 and a 12 month high of $35.01. The company has a market capitalization of $73.94 million, a PE ratio of 20.24 and a beta of 0.50.

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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