SPDR S&P 1500 Value Tilt ETF (NYSEARCA:VLU – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 14,872 shares, a drop of 38.3% from the August 15th total of 24,122 shares. Based on an average daily volume of 12,277 shares, the short-interest ratio is currently 1.2 days. Currently, 0.5% of the shares of the stock are short sold.
Hedge Funds Weigh In On SPDR S&P 1500 Value Tilt ETF
Several hedge funds and other institutional investors have recently made changes to their positions in VLU. Fifth Third Bancorp acquired a new stake in SPDR S&P 1500 Value Tilt ETF in the first quarter valued at about $34,000. Professional Financial Advisors LLC acquired a new position in SPDR S&P 1500 Value Tilt ETF during the second quarter worth about $207,000. Allworth Financial LP raised its stake in SPDR S&P 1500 Value Tilt ETF by 1,297.1% during the fourth quarter. Allworth Financial LP now owns 950 shares of the company’s stock worth $200,000 after acquiring an additional 882 shares in the last quarter. Csenge Advisory Group bought a new position in shares of SPDR S&P 1500 Value Tilt ETF in the fourth quarter worth about $204,000. Finally, Focus Financial Network Inc. bought a new position in shares of SPDR S&P 1500 Value Tilt ETF in the second quarter worth about $236,000.
SPDR S&P 1500 Value Tilt ETF Price Performance
VLU stock traded up $0.07 during midday trading on Wednesday, reaching $246.04. The company had a trading volume of 1,948 shares, compared to its average volume of 10,447. SPDR S&P 1500 Value Tilt ETF has a 1-year low of $198.65 and a 1-year high of $250.97. The stock has a 50 day moving average price of $245.56 and a 200-day moving average price of $234.61. The company has a market capitalization of $740.60 million, a price-to-earnings ratio of 17.09 and a beta of 0.87.
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.
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