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

by · The Markets Daily

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV – Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,952 shares, a decrease of 40.5% from the August 15th total of 3,282 shares. Based on an average daily trading volume, of 4,002 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

SPDR Russell 1000 Low Volatility Focus ETF Price Performance

NYSEARCA:ONEV traded down $1.14 during trading hours on Wednesday, hitting $144.86. The company’s stock had a trading volume of 3,040 shares, compared to its average volume of 18,149. SPDR Russell 1000 Low Volatility Focus ETF has a twelve month low of $129.05 and a twelve month high of $151.87. The stock has a fifty day simple moving average of $148.36 and a 200-day simple moving average of $142.47. The company has a market capitalization of $149.21 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

A number of institutional investors have recently added to or reduced their stakes in the stock. Phillip James Consulting Co. bought a new position in SPDR Russell 1000 Low Volatility Focus ETF in the 1st quarter valued at approximately $579,000. Diversify Wealth Management LLC acquired a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF during the first quarter worth $589,000. Fisher Asset Management LLC bought a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF in the 4th quarter valued at $1,045,000. Ameritas Investment Partners Inc. boosted its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 4.0% during the 4th 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. Finally, Royal Bank of Canada increased its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 21.3% in the 1st quarter. Royal Bank of Canada now owns 3,638 shares of the company’s stock worth $489,000 after purchasing an additional 638 shares in the last quarter.

SPDR Russell 1000 Low Volatility Focus ETF Company Profile

(Get Free Report)

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.

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