Short Interest in SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Declines By 59.7%

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,835 shares, a decline of 59.7% from the July 15th total of 4,558 shares. Based on an average trading volume of 27,332 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR Russell 1000 Low Volatility Focus ETF

Several institutional investors have recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in SPDR Russell 1000 Low Volatility Focus ETF in the fourth quarter worth about $29,000. Kestra Advisory Services LLC purchased a new position in SPDR Russell 1000 Low Volatility Focus ETF during the 4th quarter valued at about $36,000. IFP Advisors Inc increased its position in SPDR Russell 1000 Low Volatility Focus ETF by 2,256.5% during the 4th quarter. IFP Advisors Inc now owns 542 shares of the company’s stock valued at $72,000 after purchasing an additional 519 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of SPDR Russell 1000 Low Volatility Focus ETF in the 1st quarter valued at about $74,000. Finally, Larson Financial Group LLC purchased a new stake in shares of SPDR Russell 1000 Low Volatility Focus ETF in the 4th quarter worth approximately $132,000.

SPDR Russell 1000 Low Volatility Focus ETF Stock Up 0.0%

NYSEARCA:ONEV traded up $0.04 during midday trading on Friday, hitting $151.19. The stock had a trading volume of 1,403 shares, compared to its average volume of 19,602. The stock has a 50-day moving average of $145.79 and a 200 day moving average of $141.12. The company has a market capitalization of $308.43 million, a price-to-earnings ratio of 18.12 and a beta of 0.80. SPDR Russell 1000 Low Volatility Focus ETF has a one year low of $129.05 and a one year high of $151.27.

SPDR Russell 1000 Low Volatility Focus ETF Company Profile

The SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap stocks from the Russell 1000 Index, selected and weighted by four factors that are scaled by market cap. ONEV was launched on Dec 2, 2015 and is managed by State Street.