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

SPDR S&P 1500 Value Tilt ETF (NYSEARCA:VLU) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 3,798 shares, a decrease of 67.8% from the April 15th total of 11,803 shares. Based on an average daily trading volume, of 14,074 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VLU. Royal Bank of Canada grew its position in shares of 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 valued at $2,940,000 after acquiring an additional 3,964 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of SPDR S&P 1500 Value Tilt ETF by 389.4% during the 2nd 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 during the period. Raymond James Financial Inc. raised its stake in SPDR S&P 1500 Value Tilt ETF by 17.8% in the 2nd quarter. Raymond James Financial Inc. now owns 108,649 shares of the company’s stock worth $20,877,000 after purchasing an additional 16,417 shares in the last quarter. Jane Street Group LLC acquired a new stake in SPDR S&P 1500 Value Tilt ETF in the 2nd quarter worth about $1,389,000. Finally, Graney & King LLC raised its stake in SPDR S&P 1500 Value Tilt ETF by 2.6% in the 2nd quarter. Graney & King LLC now owns 30,785 shares of the company’s stock worth $5,915,000 after purchasing an additional 784 shares in the last quarter.

SPDR S&P 1500 Value Tilt ETF Stock Performance

NYSEARCA:VLU traded down $2.00 during trading hours on Friday, hitting $231.29. The stock had a trading volume of 2,276 shares, compared to its average volume of 13,454. SPDR S&P 1500 Value Tilt ETF has a one year low of $182.01 and a one year high of $233.74. The company has a market cap of $691.56 million, a price-to-earnings ratio of 17.09 and a beta of 0.87. The business’s 50 day moving average is $222.89 and its 200-day moving average is $217.21.

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.