SPDR SSGA US Small Cap Low Volatility ETF Sees 42.5% Rise in Short Interest

The SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) experienced a notable increase in short interest as of December 15, 2023, rising by **42.5%** from the previous month. The total short interest reached **1,453 shares**, up from **1,020 shares** on November 30, 2023. Currently, short positions account for **0.1%** of the total shares outstanding. With an average daily trading volume of **1,918 shares**, the days-to-cover ratio stands at **0.8 days**.

Institutional Investment Activity

Recent changes in institutional holdings also reflect growing interest in the SPDR SSGA US Small Cap Low Volatility Index ETF. During the third quarter, United Financial Planning Group LLC acquired a new stake valued at approximately **$53,000**. Grey Fox Wealth Advisors LLC also entered the market with a position worth **$209,000**.

Furthermore, Jones Financial Companies Lllp increased its stake in the ETF by **6.8%**, now holding **5,889 shares** valued at **$767,000** after purchasing an additional **376 shares**. Ameriprise Financial Inc. similarly expanded its holdings by **1.8%** in the second quarter, bringing its total to **36,642 shares** valued at **$4,584,000** after acquiring **656 shares**.

Current Market Performance

As of midday trading on Wednesday, shares of the SPDR SSGA US Small Cap Low Volatility Index ETF traded down **$0.80**, reaching a price of **$131.31**. The trading volume for the day was **1,635 shares**, compared to the ETF’s average volume of **4,704 shares**. Over the past fifty days, the simple moving average is **$130.27**, while the two-hundred-day average stands at **$128.99**.

In terms of price fluctuations, the ETF has recorded a fifty-two week low of **$109.28** and a high of **$136.62**. The current market capitalization is approximately **$202.21 million**, with a price-to-earnings (P/E) ratio of **15.79** and a beta of **0.89**, indicating lower volatility compared to the overall market.

The SPDR SSGA US Small Cap Low Volatility Index ETF, which launched on **February 20, 2013**, aims to track an index of U.S. small-cap stocks selected based on low volatility and other factors. Managed by State Street, the ETF serves as a means for investors looking to minimize risk while gaining exposure to smaller companies in the U.S. market.

For those interested in updates, MarketBeat.com offers a daily email newsletter summarizing the latest news and analyst ratings for the SPDR SSGA US Small Cap Low Volatility Index ETF and related firms.