SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Large Growth in Short Interest

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 6,619 shares, a growth of 83.9% from the June 30th total of 3,600 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 24,850 shares, the days-to-cover ratio is currently 0.3 days.

SPDR Russell 1000 Yield Focus ETF Stock Performance

ONEY stock traded down $0.45 during trading on Friday, reaching $132.40. The company had a trading volume of 5,704 shares, compared to its average volume of 30,250. The firm has a 50-day simple moving average of $129.83 and a 200-day simple moving average of $125.21. The company has a market cap of $668.62 million, a price-to-earnings ratio of 14.77 and a beta of 0.83. SPDR Russell 1000 Yield Focus ETF has a twelve month low of $108.15 and a twelve month high of $135.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 8.9% during the second quarter. Ameriprise Financial Inc. now owns 1,270,103 shares of the company’s stock valued at $137,039,000 after buying an additional 103,997 shares during the last quarter. Kestra Investment Management LLC raised its stake in SPDR Russell 1000 Yield Focus ETF by 37.8% in the 4th quarter. Kestra Investment Management LLC now owns 363,542 shares of the company’s stock worth $41,284,000 after acquiring an additional 99,754 shares during the last quarter. Savvy Advisors Inc. acquired a new stake in SPDR Russell 1000 Yield Focus ETF during the 4th quarter worth about $3,085,000. LPL Financial LLC lifted its position in SPDR Russell 1000 Yield Focus ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 659,505 shares of the company’s stock worth $74,894,000 after acquiring an additional 26,009 shares during the period. Finally, Cetera Investment Advisers lifted its position in SPDR Russell 1000 Yield Focus ETF by 53.2% during the 1st quarter. Cetera Investment Advisers now owns 58,981 shares of the company’s stock worth $7,081,000 after acquiring an additional 20,490 shares during the period.

SPDR Russell 1000 Yield Focus ETF Company Profile

The SPDR Russell 1000 Yield Focus ETF (ONEY) is an exchange-traded fund that is based on the Russell 1000 Yield Focused Factor index. 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. ONEY was launched on Dec 2, 2015 and is managed by State Street.