SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Short Interest Update

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 22,387,372 shares, an increase of 105.1% from the July 15th total of 10,912,946 shares. Approximately 4.5% of the shares of the company are sold short. Based on an average daily trading volume, of 9,549,737 shares, the days-to-cover ratio is presently 2.3 days.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY traded down $0.02 on Friday, reaching $23.31. The company had a trading volume of 3,002,653 shares, compared to its average volume of 5,947,557. The stock has a market cap of $11.65 billion, a P/E ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $23.02 and a fifty-two week high of $23.99. The company’s fifty day moving average is $23.33 and its 200 day moving average is $23.43.

Hedge Funds Weigh In On SPDR Portfolio High Yield Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the second quarter worth approximately $378,000. Ocean Park Asset Management LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 53.4% in the 2nd quarter. Ocean Park Asset Management LLC now owns 6,080,823 shares of the company’s stock valued at $142,534,000 after purchasing an additional 2,116,024 shares during the period. KWB Wealth grew its holdings in SPDR Portfolio High Yield Bond ETF by 19.7% in the 2nd quarter. KWB Wealth now owns 11,243 shares of the company’s stock valued at $264,000 after buying an additional 1,850 shares in the last quarter. Carolina Wealth Advisors LLC increased its position in SPDR Portfolio High Yield Bond ETF by 1.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 422,552 shares of the company’s stock worth $9,905,000 after buying an additional 7,091 shares during the period. Finally, Veery Capital LLC increased its position in SPDR Portfolio High Yield Bond ETF by 4.0% during the 2nd quarter. Veery Capital LLC now owns 117,080 shares of the company’s stock worth $2,744,000 after buying an additional 4,466 shares during the period.

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.