SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Sees Significant Increase in Short Interest

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 3,025 shares, an increase of 111.2% from the May 31st total of 1,432 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 21,933 shares, the days-to-cover ratio is presently 0.1 days.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

Shares of ONEV traded up $0.79 during mid-day trading on Wednesday, hitting $143.86. 3,867 shares of the company’s stock were exchanged, compared to its average volume of 20,433. The stock’s 50-day moving average is $140.59 and its 200-day moving average is $138.56. SPDR Russell 1000 Low Volatility Focus ETF has a fifty-two week low of $127.38 and a fifty-two week high of $145.06. The company has a market cap of $516.46 million, a price-to-earnings ratio of 18.12 and a beta of 0.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ONEV. Keystone Financial Services LLC lifted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 4.0% in the 4th quarter. Keystone Financial Services LLC now owns 1,954 shares of the company’s stock valued at $260,000 after purchasing an additional 75 shares in the last quarter. Provident Wealth Management LLC grew its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 0.4% during the first quarter. Provident Wealth Management LLC now owns 40,630 shares of the company’s stock worth $5,451,000 after buying an additional 164 shares in the last quarter. 21 West Wealth Management LLC raised its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 1.5% in the fourth quarter. 21 West Wealth Management LLC now owns 11,392 shares of the company’s stock valued at $1,517,000 after buying an additional 168 shares during the last quarter. Equitable Holdings Inc. raised its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 0.5% in the fourth quarter. Equitable Holdings Inc. now owns 36,897 shares of the company’s stock valued at $4,914,000 after buying an additional 170 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its stake in shares of SPDR Russell 1000 Low Volatility Focus ETF by 0.8% during the fourth quarter. Ausdal Financial Partners Inc. now owns 25,414 shares of the company’s stock valued at $3,385,000 after buying an additional 205 shares during the period.

SPDR Russell 1000 Low Volatility Focus ETF Company Profile

The SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap stocks from the Russell 1000 Index, selected and weighted by four factors that are scaled by market cap. ONEV was launched on Dec 2, 2015 and is managed by State Street.