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

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

SPDR Russell 1000 Yield Focus ETF Stock Down 0.3%

NYSEARCA ONEY opened at $133.94 on Wednesday. The company has a market cap of $676.40 million, a PE ratio of 14.77 and a beta of 0.83. SPDR Russell 1000 Yield Focus ETF has a 52 week low of $108.75 and a 52 week high of $136.89. The firm’s 50-day simple moving average is $132.39 and its two-hundred day simple moving average is $127.32.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ONEY. Root Financial Partners LLC bought a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 1st quarter worth $64,000. Continuum Advisory LLC bought a new position in SPDR Russell 1000 Yield Focus ETF in the second quarter valued at $137,000. Garton & Associates Financial Advisors LLC bought a new position in SPDR Russell 1000 Yield Focus ETF in the fourth quarter valued at $137,000. Royal Bank of Canada raised its position in SPDR Russell 1000 Yield Focus ETF by 18.4% during the first quarter. Royal Bank of Canada now owns 1,504 shares of the company’s stock valued at $181,000 after purchasing an additional 234 shares in the last quarter. Finally, Rodgers & Associates LTD purchased a new stake in SPDR Russell 1000 Yield Focus ETF during the second quarter valued at about $210,000.

About SPDR Russell 1000 Yield Focus ETF

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.