Short Interest in SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Increases By 57.7%

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 10,846 shares, an increase of 57.7% from the July 30th total of 6,876 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 9,468 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Large investors have recently modified their holdings of the company. Rodgers & Associates LTD bought a new stake in SPDR Russell 1000 Yield Focus ETF in the 2nd quarter worth approximately $210,000. Continuum Advisory LLC bought a new position in SPDR Russell 1000 Yield Focus ETF during the second quarter valued at approximately $137,000. World Equity Group Inc. grew its position in SPDR Russell 1000 Yield Focus ETF by 101.1% during the second quarter. World Equity Group Inc. now owns 7,526 shares of the company’s stock valued at $964,000 after acquiring an additional 3,783 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in SPDR Russell 1000 Yield Focus ETF by 42.0% during the second quarter. Dynamic Advisor Solutions LLC now owns 2,737 shares of the company’s stock valued at $351,000 after acquiring an additional 810 shares during the last quarter. Finally, RDA Financial Network raised its stake in shares of SPDR Russell 1000 Yield Focus ETF by 8.2% during the second quarter. RDA Financial Network now owns 2,037 shares of the company’s stock worth $261,000 after acquiring an additional 155 shares in the last quarter.

SPDR Russell 1000 Yield Focus ETF Stock Up 0.6%

NYSEARCA ONEY opened at $134.69 on Thursday. The stock’s 50-day simple moving average is $132.52 and its two-hundred day simple moving average is $127.39. SPDR Russell 1000 Yield Focus ETF has a twelve month low of $108.75 and a twelve month high of $136.89. The company has a market capitalization of $680.18 million, a price-to-earnings ratio of 14.77 and a beta of 0.83.

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.