Short Interest in SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Drops By 45.8%

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 18,997 shares, a drop of 45.8% from the June 30th total of 35,070 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 20,377 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 468.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 27,248 shares of the company’s stock worth $4,623,000 after acquiring an additional 22,454 shares during the last quarter. Ethos Financial Group LLC lifted its stake in 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 purchasing an additional 17,084 shares in the last quarter. Horizon Investments LLC boosted its stake in SPDR SSGA US Large Cap Low Volatility Index ETF by 5.0% during the fourth quarter. Horizon Investments LLC now owns 79,572 shares of the company’s stock valued at $13,970,000 after buying an additional 3,822 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in shares of 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 valued at $260,000 after purchasing an additional 200 shares in the last quarter.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Performance

Shares of LGLV stock traded up $0.04 during mid-day trading on Friday, hitting $186.88. The company’s stock had a trading volume of 19,977 shares, compared to its average volume of 30,933. SPDR SSGA US Large Cap Low Volatility Index ETF has a 52-week low of $170.05 and a 52-week high of $192.29. The business has a 50-day moving average price of $182.12 and a 200 day moving average price of $181.84. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 23.62 and a beta of 0.67.

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.