SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Stock Short Interest Jumps 83.7%

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 24,861 shares, an increase of 83.7% from the September 30th total of 13,532 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 42,026 shares, the days-to-cover ratio is currently 0.6 days.

SPDR SSGA US Large Cap Low Volatility Index ETF Trading Up 1.3%

SPDR SSGA US Large Cap Low Volatility Index ETF stock opened at $190.59 on Tuesday. The company has a market cap of $1.21 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 1-year low of $170.05 and a 1-year high of $192.29. The company has a fifty day simple moving average of $182.19 and a 200 day simple moving average of $182.44.

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

A number of large investors have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC bought a new position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF in the 3rd quarter valued at about $28,000. Olistico Wealth LLC raised 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 acquiring an additional 108 shares in the last quarter. Compass Financial Management LLC bought a new stake in SPDR SSGA US Large Cap Low Volatility Index ETF during the second quarter worth about $219,000. Finally, Ethos Financial Group LLC raised its holdings in 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 acquiring an additional 5,443 shares in the last quarter.

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.