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

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 15,245,685 shares, an increase of 27.9% from the March 31st total of 11,918,574 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average daily volume of 8,346,877 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of SPDR Portfolio High Yield Bond ETF

Several large investors have recently added to or reduced their stakes in SPHY. Newbridge Financial Services Group Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after purchasing an additional 778 shares during the last quarter. Fourth Dimension Wealth LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 89.2% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock valued at $32,000 after purchasing an additional 633 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at about $38,000. Smartleaf Asset Management LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 301.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock valued at $40,000 after purchasing an additional 1,262 shares during the last quarter. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 54.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock valued at $41,000 after buying an additional 623 shares during the period.

SPDR Portfolio High Yield Bond ETF Price Performance

SPDR Portfolio High Yield Bond ETF stock traded down $0.09 during trading hours on Friday, hitting $23.46. 3,102,190 shares of the stock traded hands, compared to its average volume of 6,378,828. The firm’s 50 day moving average price is $23.44 and its 200-day moving average price is $23.63. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 7.31 and a beta of 0.40. SPDR Portfolio High Yield Bond ETF has a 1 year low of $23.02 and a 1 year high of $23.99.

SPDR Portfolio High Yield Bond ETF Company Profile

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.