Short Interest in SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Expands By 130.9%

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 35,070 shares, a growth of 130.9% from the June 15th total of 15,187 shares. Based on an average daily volume of 21,314 shares, the short-interest ratio is presently 1.6 days. Approximately 0.6% of the shares of the company are sold short.

SPDR SSGA US Large Cap Low Volatility Index ETF Trading Up 1.8%

Shares of NYSEARCA LGLV traded up $3.20 during trading hours on Thursday, reaching $186.02. The stock had a trading volume of 7,625 shares, compared to its average volume of 31,012. The firm has a 50-day moving average of $180.05 and a 200-day moving average of $181.05. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 23.62 and a beta of 0.67. SPDR SSGA US Large Cap Low Volatility Index ETF has a fifty-two week low of $170.05 and a fifty-two week high of $189.91.

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

A number of institutional investors have recently modified their holdings of LGLV. AdvisorNet Financial Inc increased its stake in SPDR SSGA US Large Cap Low Volatility Index ETF by 15.9% in the first quarter. AdvisorNet Financial Inc now owns 1,460 shares of the company’s stock valued at $260,000 after purchasing an additional 200 shares during the period. Horizon Investments LLC grew its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 2.4% during the third quarter. Horizon Investments LLC now owns 75,750 shares of the company’s stock worth $13,496,000 after buying an additional 1,789 shares during the last quarter. Ethos Financial Group LLC increased its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 10.0% in the 1st quarter. Ethos Financial Group LLC now owns 60,029 shares of the company’s stock valued at $10,575,000 after acquiring an additional 5,443 shares during the period. Finally, Ameriprise Financial Inc. increased its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 468.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 27,248 shares of the company’s stock valued at $4,623,000 after acquiring an additional 22,454 shares during the period.

SPDR SSGA US Large Cap Low Volatility Index ETF Company Profile

The SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) is an exchange-traded fund that is based on the SSGA US Large Cap Low Volatility index. The fund tracks an index of the least volatile large-cap US stocks. LGLV was launched on Feb 20, 2013 and is managed by State Street.