SPDR S&P 1500 Value Tilt ETF (NYSEARCA:VLU) Sees Significant Increase in Short Interest

SPDR S&P 1500 Value Tilt ETF (NYSEARCA:VLU) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 12,047 shares, an increase of 167.6% from the February 12th total of 4,502 shares. Based on an average daily volume of 8,328 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 8,328 shares, the days-to-cover ratio is presently 1.4 days.

SPDR S&P 1500 Value Tilt ETF Price Performance

VLU stock traded down $0.43 on Wednesday, reaching $217.62. 5,034 shares of the company traded hands, compared to its average volume of 14,639. The firm has a fifty day simple moving average of $220.15 and a 200-day simple moving average of $210.78. The company has a market cap of $585.40 million, a P/E ratio of 17.09 and a beta of 0.95. SPDR S&P 1500 Value Tilt ETF has a one year low of $159.27 and a one year high of $227.38.

Hedge Funds Weigh In On SPDR S&P 1500 Value Tilt ETF

Several large investors have recently modified their holdings of VLU. Royal Bank of Canada boosted its stake in SPDR S&P 1500 Value Tilt ETF by 33.0% in the 1st quarter. Royal Bank of Canada now owns 15,994 shares of the company’s stock worth $2,940,000 after purchasing an additional 3,964 shares in the last quarter. Waterloo Capital L.P. raised its holdings in SPDR S&P 1500 Value Tilt ETF by 44.1% in the second quarter. Waterloo Capital L.P. now owns 4,681 shares of the company’s stock worth $899,000 after buying an additional 1,433 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of SPDR S&P 1500 Value Tilt ETF in the second quarter worth approximately $566,000. NewEdge Advisors LLC lifted its stake in shares of SPDR S&P 1500 Value Tilt ETF by 389.4% in the second quarter. NewEdge Advisors LLC now owns 12,696 shares of the company’s stock worth $2,440,000 after buying an additional 10,102 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of SPDR S&P 1500 Value Tilt ETF by 17.8% during the second quarter. Raymond James Financial Inc. now owns 108,649 shares of the company’s stock valued at $20,877,000 after buying an additional 16,417 shares during the last quarter.

SPDR S&P 1500 Value Tilt ETF Company Profile

The SPDR S&P 1500 Value Tilt ETF (VLU) is an exchange-traded fund that is based on the S&P 1500 Low Valuation Tilt index. The fund tracks an index that weights securities according to a combination of fundamental factors, and aims to find those with lower prices relative to valuations. VLU was launched on Oct 24, 2012 and is managed by State Street.