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

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 6,619 shares, an increase of 83.9% from the June 30th total of 3,600 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading 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 on Friday, reaching $132.40. The company’s stock had a trading volume of 5,704 shares, compared to its average volume of 30,250. The firm has a market cap of $668.62 million, a PE ratio of 14.77 and a beta of 0.83. The business has a fifty day simple moving average of $129.74 and a two-hundred day simple moving average of $125.16. SPDR Russell 1000 Yield Focus ETF has a 12-month low of $108.15 and a 12-month high of $135.62.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ONEY. Sound Income Strategies LLC bought a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 4th quarter valued at about $36,000. Allworth Financial LP bought a new position in SPDR Russell 1000 Yield Focus ETF in the third quarter worth about $49,000. Root Financial Partners LLC purchased a new stake in SPDR Russell 1000 Yield Focus ETF in the first quarter worth about $64,000. Garton & Associates Financial Advisors LLC purchased a new stake in SPDR Russell 1000 Yield Focus ETF in the fourth quarter worth about $137,000. Finally, Royal Bank of Canada lifted its holdings in SPDR Russell 1000 Yield Focus ETF by 18.4% in the first quarter. Royal Bank of Canada now owns 1,504 shares of the company’s stock worth $181,000 after buying an additional 234 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.