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) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 700 shares, a decrease of 30.0% from the September 30th total of 1,000 shares. Based on an average daily volume of 2,800 shares, the short-interest 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 daily volume of 2,800 shares, the short-interest ratio is presently 0.3 days.

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

Several hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its position 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 purchasing an additional 656 shares in the last quarter. Jones Financial Companies Lllp increased its holdings 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 worth $767,000 after buying an additional 376 shares during the period. Finally, Grey Fox Wealth Advisors LLC purchased a new position in shares of SPDR SSGA US Small Cap Low Volatility Index ETF in the third quarter worth about $209,000.

SPDR SSGA US Small Cap Low Volatility Index ETF Stock Performance

NYSEARCA SMLV traded up $0.05 on Tuesday, hitting $126.42. 1,999 shares of the stock traded hands, compared to its average volume of 5,055. The business’s fifty day moving average is $130.08 and its two-hundred day moving average is $126.44. SPDR SSGA US Small Cap Low Volatility Index ETF has a 12 month low of $109.28 and a 12 month high of $142.43. The firm has a market capitalization of $194.69 million, a price-to-earnings ratio of 15.79 and a beta of 0.89.

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.