Short Interest in SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Decreases By 48.7%

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,531 shares, a drop of 48.7% from the February 26th total of 6,887 shares. Based on an average daily volume of 45,793 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

SPDR Russell 1000 Yield Focus ETF Stock Performance

NYSEARCA ONEY traded up $0.45 on Thursday, reaching $120.02. 3,821 shares of the company’s stock traded hands, compared to its average volume of 22,441. SPDR Russell 1000 Yield Focus ETF has a fifty-two week low of $94.39 and a fifty-two week high of $127.17. The firm has a market cap of $825.74 million, a price-to-earnings ratio of 14.77 and a beta of 0.96. The stock has a 50 day moving average price of $122.28 and a 200-day moving average price of $116.65.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Several institutional investors and hedge funds have recently modified their holdings of ONEY. World Investment Advisors purchased a new position in SPDR Russell 1000 Yield Focus ETF during the fourth quarter valued at approximately $293,000. Garton & Associates Financial Advisors LLC purchased a new stake in SPDR Russell 1000 Yield Focus ETF in the 4th quarter worth approximately $137,000. Cetera Investment Advisers grew its stake in shares of SPDR Russell 1000 Yield Focus ETF by 5.9% during the 4th quarter. Cetera Investment Advisers now owns 38,491 shares of the company’s stock worth $4,371,000 after purchasing an additional 2,145 shares during the period. Equitable Holdings Inc. grew its stake in shares of SPDR Russell 1000 Yield Focus ETF by 15.2% during the 4th quarter. Equitable Holdings Inc. now owns 40,342 shares of the company’s stock worth $4,581,000 after purchasing an additional 5,336 shares during the period. Finally, Berkshire Asset Management LLC PA purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF during the 4th quarter valued at approximately $227,000.

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.