Short Interest in SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Expands By 130.9%

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 35,070 shares, a growth of 130.9% from the June 15th total of 15,187 shares. Based on an average daily volume of 21,314 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.6% of the shares of the stock are sold short.

SPDR SSGA US Large Cap Low Volatility Index ETF Trading Down 0.7%

Shares of NYSEARCA:LGLV traded down $1.38 during mid-day trading on Tuesday, reaching $183.70. The stock had a trading volume of 12,594 shares, compared to its average volume of 31,271. The business’s 50 day moving average price is $179.98 and its 200 day moving average price is $181.02. SPDR SSGA US Large Cap Low Volatility Index ETF has a 1 year low of $170.05 and a 1 year high of $189.91. The company has a market cap of $1.17 billion, a P/E ratio of 23.62 and a beta of 0.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc increased its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 15.9% in the first quarter. AdvisorNet Financial Inc now owns 1,460 shares of the company’s stock worth $260,000 after purchasing an additional 200 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 468.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 27,248 shares of the company’s stock worth $4,623,000 after buying an additional 22,454 shares in the last quarter. Ethos Financial Group LLC grew its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 45.6% in the 4th quarter. Ethos Financial Group LLC now owns 54,586 shares of the company’s stock worth $9,584,000 after buying an additional 17,084 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 2.4% in the 3rd quarter. Horizon Investments LLC now owns 75,750 shares of the company’s stock worth $13,496,000 after buying an additional 1,789 shares during the last quarter.

SPDR SSGA US Large Cap Low Volatility Index ETF Company Profile

The SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) is an exchange-traded fund that is based on the SSGA US Large Cap Low Volatility index. The fund tracks an index of the least volatile large-cap US stocks. LGLV was launched on Feb 20, 2013 and is managed by State Street.