SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Short Interest Update

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 18,997 shares, a decrease of 45.8% from the June 30th total of 35,070 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 20,377 shares, the short-interest ratio is presently 0.9 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in LGLV. Ameriprise Financial Inc. grew its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 468.4% in the second quarter. Ameriprise Financial Inc. now owns 27,248 shares of the company’s stock worth $4,623,000 after acquiring an additional 22,454 shares during the last quarter. Ethos Financial Group LLC increased its holdings in SPDR SSGA US Large Cap Low Volatility Index ETF by 45.6% in the 4th quarter. Ethos Financial Group LLC now owns 54,586 shares of the company’s stock worth $9,584,000 after buying an additional 17,084 shares in the last quarter. Horizon Investments LLC lifted its stake in SPDR SSGA US Large Cap Low Volatility Index ETF by 5.0% during the 4th quarter. Horizon Investments LLC now owns 79,572 shares of the company’s stock valued at $13,970,000 after acquiring an additional 3,822 shares during the period. Finally, AdvisorNet Financial Inc lifted its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 15.9% during 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.

SPDR SSGA US Large Cap Low Volatility Index ETF Price Performance

SPDR SSGA US Large Cap Low Volatility Index ETF stock traded down $2.85 during mid-day trading on Thursday, reaching $186.84. 39,165 shares of the company traded hands, compared to its average volume of 31,009. The firm’s 50 day moving average price is $181.98 and its 200 day moving average price is $181.81. SPDR SSGA US Large Cap Low Volatility Index ETF has a 52-week low of $170.05 and a 52-week high of $192.29. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 23.62 and a beta of 0.67.

About SPDR SSGA US Large Cap Low Volatility Index ETF

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.