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

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) was the recipient of a large drop in short interest during the month of 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 shares are sold short. Based on an average daily trading volume, of 20,377 shares, the short-interest ratio is presently 0.9 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in LGLV. AdvisorNet Financial Inc lifted its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 15.9% during the 1st quarter. AdvisorNet Financial Inc now owns 1,460 shares of the company’s stock valued at $260,000 after purchasing an additional 200 shares during the period. Horizon Investments LLC grew its position in shares of 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 worth $13,496,000 after buying an additional 1,789 shares during the period. Ethos Financial Group LLC raised its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 10.0% during the first quarter. Ethos Financial Group LLC now owns 60,029 shares of the company’s stock worth $10,575,000 after buying an additional 5,443 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 468.4% during the second quarter. Ameriprise Financial Inc. now owns 27,248 shares of the company’s stock worth $4,623,000 after buying an additional 22,454 shares during the last quarter.

SPDR SSGA US Large Cap Low Volatility Index ETF Price Performance

Shares of LGLV stock traded down $1.28 on Wednesday, reaching $189.69. 29,157 shares of the stock were exchanged, compared to its average volume of 30,953. The stock has a market cap of $1.23 billion, a PE ratio of 23.62 and a beta of 0.67. SPDR SSGA US Large Cap Low Volatility Index ETF has a one year low of $170.05 and a one year high of $192.29. The stock has a 50 day moving average price of $181.83 and a 200 day moving average price of $181.75.

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.