SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Significant Decrease in Short Interest

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 6,679 shares, a decrease of 38.4% from the August 15th total of 10,846 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 8,251 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of SPDR Russell 1000 Yield Focus ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC bought a new position in SPDR Russell 1000 Yield Focus ETF in the 1st quarter worth $64,000. Continuum Advisory LLC acquired a new stake in shares of SPDR Russell 1000 Yield Focus ETF in the second quarter valued at about $137,000. Royal Bank of Canada increased its stake in shares of SPDR Russell 1000 Yield Focus ETF by 18.4% in the first quarter. Royal Bank of Canada now owns 1,504 shares of the company’s stock worth $181,000 after purchasing an additional 234 shares during the period. Rodgers & Associates LTD acquired a new position in shares of SPDR Russell 1000 Yield Focus ETF during the 2nd quarter worth about $210,000. Finally, Strategic Financial Concepts LLC bought a new stake in SPDR Russell 1000 Yield Focus ETF during the 4th quarter valued at approximately $220,000.

SPDR Russell 1000 Yield Focus ETF Price Performance

Shares of ONEY stock traded up $0.50 during trading on Thursday, reaching $130.52. The company had a trading volume of 7,216 shares, compared to its average volume of 26,727. The firm’s 50 day simple moving average is $133.13 and its two-hundred day simple moving average is $127.89. SPDR Russell 1000 Yield Focus ETF has a one year low of $108.75 and a one year high of $136.89. The company has a market capitalization of $533.83 million, a PE ratio of 14.77 and a beta of 0.83.

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.