SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Short Interest Update

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 14,550,000 shares, a growth of 143.7% from the May 15th total of 5,970,000 shares. Based on an average daily volume of 6,786,300 shares, the short-interest ratio is currently 2.1 days. Currently, 4.2% of the shares of the company are short sold.

Hedge Funds Weigh In On SPDR Portfolio High Yield Bond ETF

Several institutional investors have recently bought and sold shares of SPHY. Vantagepoint Investment Advisers LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the first quarter valued at about $171,137,000. Municipal Employees Retirement System of Michigan raised its holdings in SPDR Portfolio High Yield Bond ETF by 362.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 5,954,325 shares of the company’s stock worth $139,451,000 after purchasing an additional 4,666,949 shares during the last quarter. Ameriprise Financial Inc. boosted its position in SPDR Portfolio High Yield Bond ETF by 24.1% during the first quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after purchasing an additional 1,587,936 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in SPDR Portfolio High Yield Bond ETF during the fourth quarter worth $12,909,000. Finally, BlueStem Wealth Partners LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at $12,571,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPDR Portfolio High Yield Bond ETF stock traded down $0.06 during mid-day trading on Friday, reaching $23.43. 2,830,784 shares of the company were exchanged, compared to its average volume of 5,011,084. The firm’s 50-day simple moving average is $23.22 and its two-hundred day simple moving average is $23.46. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month high of $24.07. The firm has a market cap of $8.13 billion, a PE ratio of 7.31 and a beta of 0.40.

About SPDR Portfolio High Yield Bond ETF

The SPDR Portfolio High Yield Bond ETF (SPHY) is an exchange-traded fund that is based on the ICE BofA US High Yield index. The fund tracks an index that measures the performance of USD-denominated junk bonds. SPHY was launched on Jun 18, 2012 and is managed by State Street.