SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Large Growth in Short Interest

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 25,129,540 shares, an increase of 56.1% from the September 15th total of 16,097,824 shares. Currently, 4.8% of the company’s shares are short sold. Based on an average trading volume of 6,862,021 shares, the days-to-cover ratio is currently 3.7 days.

SPDR Portfolio High Yield Bond ETF Price Performance

SPDR Portfolio High Yield Bond ETF stock traded down $0.08 during midday trading on Friday, reaching $22.45. The stock had a trading volume of 5,156,355 shares, compared to its average volume of 5,869,057. The firm’s fifty day simple moving average is $22.97 and its two-hundred day simple moving average is $23.24. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.32 and a twelve month high of $23.95. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39.

Institutional Trading of SPDR Portfolio High Yield Bond ETF

A number of hedge funds have recently modified their holdings of the business. NEOS Investment Management LLC acquired a new position in SPDR Portfolio High Yield Bond ETF in the second quarter worth approximately $69,777,000. Ocean Park Asset Management LLC lifted its stake in SPDR Portfolio High Yield Bond ETF by 53.4% in the second quarter. Ocean Park Asset Management LLC now owns 6,080,823 shares of the company’s stock valued at $142,534,000 after acquiring an additional 2,116,024 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in SPDR Portfolio High Yield Bond ETF by 37.5% in the second quarter. Envestnet Asset Management Inc. now owns 6,981,977 shares of the company’s stock valued at $163,658,000 after acquiring an additional 1,903,466 shares during the last quarter. Cetera Investment Advisers lifted its stake in SPDR Portfolio High Yield Bond ETF by 68.1% in the first quarter. Cetera Investment Advisers now owns 3,556,254 shares of the company’s stock valued at $82,932,000 after acquiring an additional 1,441,014 shares during the last quarter. Finally, Sei Investments Co. grew its position in SPDR Portfolio High Yield Bond ETF by 5.7% in the first quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock worth $462,499,000 after acquiring an additional 1,061,796 shares in the last quarter.

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.