SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) Sees Significant Increase in Short Interest

SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 2,650 shares, a growth of 82.4% from the December 15th total of 1,453 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 2,570 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 2,570 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the shares of the stock are sold short.

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

A number of hedge funds have recently made changes to their positions in the stock. United Financial Planning Group LLC purchased a new position in SPDR SSGA US Small Cap Low Volatility Index ETF in the third quarter worth $53,000. Jones Financial Companies Lllp boosted its stake in 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 in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in SPDR SSGA US Small Cap Low Volatility Index ETF during the third quarter valued at approximately $209,000. Finally, Ameriprise Financial Inc. raised its stake in shares of SPDR SSGA US Small Cap Low Volatility Index ETF by 1.8% during the second quarter. Ameriprise Financial Inc. now owns 36,642 shares of the company’s stock worth $4,584,000 after acquiring an additional 656 shares in the last quarter.

SPDR SSGA US Small Cap Low Volatility Index ETF Trading Down 0.3%

Shares of SMLV traded down $0.48 during trading hours on Friday, reaching $138.26. 3,917 shares of the company’s stock traded hands, compared to its average volume of 4,525. The firm’s 50 day simple moving average is $131.84 and its 200-day simple moving average is $129.80. The stock has a market cap of $211.54 million, a PE ratio of 15.79 and a beta of 0.89. SPDR SSGA US Small Cap Low Volatility Index ETF has a 12 month low of $109.28 and a 12 month high of $139.01.

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.