Short Interest in SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) Drops By 30.6%

SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,801 shares, a decrease of 30.6% from the March 15th total of 4,035 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,833 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of SPDR SSGA US Small Cap Low Volatility Index ETF

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

SPDR SSGA US Small Cap Low Volatility Index ETF Trading Up 0.7%

Shares of SPDR SSGA US Small Cap Low Volatility Index ETF stock opened at $143.97 on Tuesday. The stock has a market capitalization of $217.39 million, a price-to-earnings ratio of 15.79 and a beta of 0.80. SPDR SSGA US Small Cap Low Volatility Index ETF has a 1-year low of $111.05 and a 1-year high of $144.66. The firm’s 50-day moving average price is $140.00 and its two-hundred day moving average price is $134.50.

About SPDR SSGA US Small Cap Low Volatility Index ETF

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.