Short Interest in SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) Drops By 30.0%

SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 700 shares, a decline of 30.0% from the September 30th total of 1,000 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is presently 0.3 days.

SPDR SSGA US Small Cap Low Volatility Index ETF Stock Performance

Shares of SMLV opened at $126.21 on Wednesday. The company has a market cap of $194.36 million, a price-to-earnings ratio of 15.79 and a beta of 0.89. The firm has a fifty day moving average of $129.96 and a 200-day moving average of $126.52. SPDR SSGA US Small Cap Low Volatility Index ETF has a 1 year low of $109.28 and a 1 year high of $142.43.

Institutional Investors Weigh In On SPDR SSGA US Small Cap Low Volatility Index ETF

Several institutional investors have recently bought and sold shares of SMLV. Grey Fox Wealth Advisors LLC acquired a new stake in SPDR SSGA US Small Cap Low Volatility Index ETF in the third quarter worth about $209,000. Jones Financial Companies Lllp lifted its holdings in SPDR SSGA US Small Cap Low Volatility Index ETF by 6.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,889 shares of the company’s stock valued at $767,000 after acquiring an additional 376 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in SPDR SSGA US Small Cap Low Volatility Index ETF by 1.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 36,642 shares of the company’s stock valued at $4,584,000 after acquiring an additional 656 shares during the last quarter.

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.