SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Sees Large Increase in Short Interest

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,025 shares, a growth of 111.2% from the May 31st total of 1,432 shares. Based on an average daily volume of 21,933 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

SPDR Russell 1000 Low Volatility Focus ETF Stock Up 0.6%

Shares of NYSEARCA:ONEV opened at $143.86 on Thursday. The company’s fifty day moving average is $140.59 and its two-hundred day moving average is $138.56. SPDR Russell 1000 Low Volatility Focus ETF has a 12-month low of $127.38 and a 12-month high of $145.06. The company has a market cap of $366.84 million, a P/E ratio of 18.12 and a beta of 0.80.

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

Several hedge funds have recently bought and sold shares of the business. Allworth Financial LP bought a new position in SPDR Russell 1000 Low Volatility Focus ETF during the fourth quarter valued at about $29,000. Kestra Advisory Services LLC bought a new stake in shares of SPDR Russell 1000 Low Volatility Focus ETF during the 4th quarter worth about $36,000. IFP Advisors Inc increased its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 2,256.5% during the 4th quarter. IFP Advisors Inc now owns 542 shares of the company’s stock valued at $72,000 after acquiring an additional 519 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF during the 1st quarter valued at about $74,000. Finally, Larson Financial Group LLC bought a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF in the 4th quarter valued at approximately $132,000.

About SPDR Russell 1000 Low Volatility Focus ETF

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.