SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) Short Interest Update

SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 3,049 shares, a decline of 35.9% from the August 31st total of 4,760 shares. Based on an average daily volume of 2,716 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR SSGA US Small Cap Low Volatility Index ETF

A hedge fund recently raised its stake in SPDR SSGA US Small Cap Low Volatility Index ETF stock. AdvisorNet Financial Inc lifted its position in shares of SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) by 517.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,395 shares of the company’s stock after acquiring an additional 2,007 shares during the period. AdvisorNet Financial Inc owned approximately 0.16% of SPDR SSGA US Small Cap Low Volatility Index ETF worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

SPDR SSGA US Small Cap Low Volatility Index ETF Stock Down 0.6%

Shares of SMLV stock opened at $150.03 on Thursday. The stock has a fifty day moving average of $157.73 and a 200 day moving average of $151.30. The firm has a market capitalization of $243.05 million, a price-to-earnings ratio of 15.79 and a beta of 0.77. SPDR SSGA US Small Cap Low Volatility Index ETF has a 52 week low of $124.22 and a 52 week high of $163.75.

About SPDR SSGA US Small Cap Low Volatility Index ETF

The SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) is an exchange-traded fund that is based on the SSGA US Small Cap Low Volatility index. The fund tracks an index of US small-cap stocks selected and weighted by low volatility and other factors. SMLV was launched on Feb 20, 2013 and is managed by State Street.