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

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 35,070 shares, an increase 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 company’s shares are short sold.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Performance

NYSEARCA LGLV traded down $1.38 on Tuesday, reaching $183.70. 12,594 shares of the stock traded hands, compared to its average volume of 31,271. SPDR SSGA US Large Cap Low Volatility Index ETF has a 12 month low of $170.05 and a 12 month high of $189.91. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 23.62 and a beta of 0.67. The company has a fifty day moving average price of $179.98 and a 200-day moving average price of $181.02.

Institutional Trading of SPDR SSGA US Large Cap Low Volatility Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. AdvisorNet Financial Inc lifted its stake 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 acquiring an additional 200 shares during the period. Horizon Investments LLC increased its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 2.4% during the 3rd quarter. Horizon Investments LLC now owns 75,750 shares of the company’s stock valued at $13,496,000 after purchasing an additional 1,789 shares during the period. Ethos Financial Group LLC increased its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 10.0% during the 1st quarter. Ethos Financial Group LLC now owns 60,029 shares of the company’s stock valued at $10,575,000 after purchasing an additional 5,443 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings 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 valued at $4,623,000 after purchasing an additional 22,454 shares in the last quarter.

About SPDR SSGA US Large Cap Low Volatility Index ETF

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.