Short Interest in Legg Mason Small-Cap Quality Value ETF (NASDAQ:SQLV) Drops By 88.9%

Legg Mason Small-Cap Quality Value ETF (NASDAQ:SQLV) was the recipient of a significant decline in short interest during the month of May. As of May 28th, there was short interest totalling 300 shares, a decline of 88.9% from the May 13th total of 2,700 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 0.1 days.

An institutional investor recently raised its position in Legg Mason Small-Cap Quality Value ETF stock. Arden Trust Co boosted its position in Legg Mason Small-Cap Quality Value ETF (NASDAQ:SQLV) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 127,171 shares of the company’s stock after acquiring an additional 4,467 shares during the period. Legg Mason Small-Cap Quality Value ETF accounts for 0.8% of Arden Trust Co’s investment portfolio, making the stock its 23rd biggest position. Arden Trust Co owned approximately 28.26% of Legg Mason Small-Cap Quality Value ETF worth $4,569,000 at the end of the most recent reporting period.

Shares of NASDAQ:SQLV traded down $0.44 during trading on Friday, reaching $38.69. 706 shares of the company traded hands, compared to its average volume of 2,155. Legg Mason Small-Cap Quality Value ETF has a 52-week low of $21.14 and a 52-week high of $39.14. The firm’s fifty day simple moving average is $37.23.

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