Short Interest in SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) Increases By 75.5%

SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 4,013 shares, a growth of 75.5% from the February 12th total of 2,287 shares. Based on an average daily trading volume, of 2,876 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,876 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On SPDR SSGA US Small Cap Low Volatility Index ETF

Large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its stake in shares of SPDR SSGA US Small Cap Low Volatility Index ETF by 1.8% during the second quarter. Ameriprise Financial Inc. now owns 36,642 shares of the company’s stock valued at $4,584,000 after purchasing an additional 656 shares during the last quarter. United Financial Planning Group LLC bought a new position in SPDR SSGA US Small Cap Low Volatility Index ETF in the 3rd quarter worth approximately $53,000. Jones Financial Companies Lllp lifted its holdings in SPDR SSGA US Small Cap Low Volatility Index ETF by 6.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,889 shares of the company’s stock worth $767,000 after buying an additional 376 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new position in SPDR SSGA US Small Cap Low Volatility Index ETF during the 3rd quarter worth $209,000.

SPDR SSGA US Small Cap Low Volatility Index ETF Stock Down 0.1%

Shares of NYSEARCA SMLV opened at $135.55 on Friday. SPDR SSGA US Small Cap Low Volatility Index ETF has a 12-month low of $109.28 and a 12-month high of $144.66. The firm’s 50-day simple moving average is $139.65 and its 200 day simple moving average is $133.63. The company has a market cap of $207.39 million, a price-to-earnings ratio of 15.79 and a beta of 0.89.

SPDR SSGA US Small Cap Low Volatility Index ETF Company Profile

The SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) is an exchange-traded fund that is based on the SSGA US Small Cap Low Volatility index. The fund tracks an index of US small-cap stocks selected and weighted by low volatility and other factors. SMLV was launched on Feb 20, 2013 and is managed by State Street.