Short Interest in SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Grows By 78.9%

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 3,282 shares, a growth of 78.9% from the July 30th total of 1,835 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 2,994 shares, the days-to-cover ratio is currently 1.1 days.

SPDR Russell 1000 Low Volatility Focus ETF Price Performance

NYSEARCA:ONEV traded down $1.25 during mid-day trading on Monday, reaching $149.20. 2,518 shares of the company’s stock traded hands, compared to its average volume of 18,564. The company has a 50 day moving average price of $147.61 and a 200-day moving average price of $142.02. The firm has a market capitalization of $304.37 million, a price-to-earnings ratio of 18.12 and a beta of 0.80. SPDR Russell 1000 Low Volatility Focus ETF has a 12-month low of $129.05 and a 12-month high of $151.87.

Hedge Funds Weigh In On SPDR Russell 1000 Low Volatility Focus ETF

Several hedge funds have recently made changes to their positions in ONEV. Ameritas Investment Partners Inc. raised its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 4.0% during the fourth quarter. Ameritas Investment Partners Inc. now owns 358,735 shares of the company’s stock valued at $47,778,000 after acquiring an additional 13,644 shares in the last quarter. Cetera Investment Advisers increased its position in SPDR Russell 1000 Low Volatility Focus ETF by 8.3% during the 1st quarter. Cetera Investment Advisers now owns 46,038 shares of the company’s stock valued at $6,177,000 after purchasing an additional 3,523 shares during the period. Provident Wealth Management LLC increased its position in SPDR Russell 1000 Low Volatility Focus ETF by 0.4% during the 1st quarter. Provident Wealth Management LLC now owns 40,630 shares of the company’s stock valued at $5,451,000 after purchasing an additional 164 shares during the period. Equitable Holdings Inc. raised its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 0.5% in the 4th quarter. Equitable Holdings Inc. now owns 36,897 shares of the company’s stock worth $4,914,000 after purchasing an additional 170 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 1.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 34,058 shares of the company’s stock worth $4,533,000 after purchasing an additional 382 shares in the last quarter.

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.