SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Sees Significant Increase in Short Interest

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 October. As of October 15th, there was short interest totaling 24,861 shares, a growth of 83.7% from the September 30th total of 13,532 shares. Based on an average daily volume of 42,026 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are short sold.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Up 0.2%

NYSEARCA LGLV opened at $188.23 on Friday. The stock has a market cap of $1.20 billion, a P/E ratio of 23.62 and a beta of 0.66. SPDR SSGA US Large Cap Low Volatility Index ETF has a twelve month low of $170.05 and a twelve month high of $192.29. The company’s 50-day simple moving average is $182.15 and its 200 day simple moving average is $182.39.

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

Hedge funds have recently bought and sold shares of the business. Ethos Financial Group LLC raised its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 10.0% in the 1st quarter. Ethos Financial Group LLC now owns 60,029 shares of the company’s stock worth $10,575,000 after purchasing an additional 5,443 shares in the last quarter. Blue Bell Private Wealth Management LLC bought a new stake in SPDR SSGA US Large Cap Low Volatility Index ETF during the third quarter worth approximately $28,000. Olistico Wealth LLC boosted its holdings in SPDR SSGA US Large Cap Low Volatility Index ETF by 229.8% during the third quarter. Olistico Wealth LLC now owns 155 shares of the company’s stock worth $27,000 after buying an additional 108 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new position in SPDR SSGA US Large Cap Low Volatility Index ETF in the second quarter worth approximately $219,000.

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.