SPDR S&P 1500 Value Tilt ETF (NYSEARCA:VLU) Short Interest Up 157.2% in May

SPDR S&P 1500 Value Tilt ETF (NYSEARCA:VLU) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 13,434 shares, a growth of 157.2% from the May 14th total of 5,224 shares. Based on an average trading volume of 5,975 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.4% of the company’s stock are sold short.

SPDR S&P 1500 Value Tilt ETF Trading Up 0.8%

Shares of NYSEARCA:VLU traded up $1.82 on Friday, reaching $239.56. The company had a trading volume of 5,793 shares, compared to its average volume of 12,163. SPDR S&P 1500 Value Tilt ETF has a 52-week low of $187.17 and a 52-week high of $240.05. The firm’s 50 day simple moving average is $231.05 and its 200-day simple moving average is $221.60. The firm has a market capitalization of $716.28 million, a PE ratio of 17.09 and a beta of 0.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new position in SPDR S&P 1500 Value Tilt ETF during the 1st quarter worth $34,000. Wells Fargo & Company MN grew its stake in SPDR S&P 1500 Value Tilt ETF by 660.8% during the 4th quarter. Wells Fargo & Company MN now owns 776 shares of the company’s stock worth $163,000 after buying an additional 674 shares during the last quarter. Allworth Financial LP grew its stake in SPDR S&P 1500 Value Tilt ETF by 1,297.1% during the 4th quarter. Allworth Financial LP now owns 950 shares of the company’s stock worth $200,000 after buying an additional 882 shares during the last quarter. Csenge Advisory Group purchased a new position in SPDR S&P 1500 Value Tilt ETF during the 4th quarter worth $204,000. Finally, Pacific Sun Financial Corp purchased a new position in SPDR S&P 1500 Value Tilt ETF during the 3rd quarter worth $202,000.

About SPDR S&P 1500 Value Tilt ETF

The SPDR S&P 1500 Value Tilt ETF (VLU) is an exchange-traded fund that is based on the S&P 1500 Low Valuation Tilt index. The fund tracks an index that weights securities according to a combination of fundamental factors, and aims to find those with lower prices relative to valuations. VLU was launched on Oct 24, 2012 and is managed by State Street.