Short Interest in SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Expands By 233.8%
by Sarita Garza · The Markets DailySPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 10,405 shares, a growth of 233.8% from the May 31st total of 3,117 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 29,834 shares, the days-to-cover ratio is currently 0.3 days.
SPDR Russell 1000 Yield Focus ETF Stock Up 0.0%
ONEY stock traded up $0.02 during midday trading on Monday, hitting $128.97. The company’s stock had a trading volume of 115,066 shares, compared to its average volume of 28,772. SPDR Russell 1000 Yield Focus ETF has a 12 month low of $107.70 and a 12 month high of $131.97. The company has a 50 day moving average of $126.93 and a two-hundred day moving average of $122.53. The firm has a market capitalization of $867.97 million, a price-to-earnings ratio of 14.77 and a beta of 0.83.
Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF
A number of hedge funds and other institutional investors have recently modified their holdings of ONEY. Valmark Advisers Inc. increased its holdings in SPDR Russell 1000 Yield Focus ETF by 3.2% in the 1st quarter. Valmark Advisers Inc. now owns 3,619 shares of the company’s stock valued at $434,000 after acquiring an additional 113 shares during the last quarter. Fifth Third Securities Inc. boosted its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 1.1% during the 4th quarter. Fifth Third Securities Inc. now owns 10,574 shares of the company’s stock valued at $1,201,000 after purchasing an additional 120 shares during the last quarter. Essex Financial Services Inc. grew its position in shares of SPDR Russell 1000 Yield Focus ETF by 2.1% during the fourth quarter. Essex Financial Services Inc. now owns 7,391 shares of the company’s stock valued at $839,000 after purchasing an additional 150 shares in the last quarter. World Equity Group Inc. grew its position in shares of SPDR Russell 1000 Yield Focus ETF by 4.5% during the fourth quarter. World Equity Group Inc. now owns 3,764 shares of the company’s stock valued at $427,000 after purchasing an additional 163 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,182 shares of the company’s stock worth $1,965,000 after purchasing an additional 181 shares during the last quarter.
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.