Short Interest in SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Increases By 233.8%

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 10,405 shares, an increase of 233.8% from the May 31st total of 3,117 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 29,834 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Several hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in SPDR Russell 1000 Yield Focus ETF in the 4th quarter worth about $36,000. Allworth Financial LP purchased a new position in SPDR Russell 1000 Yield Focus ETF in the third quarter valued at about $49,000. Root Financial Partners LLC bought a new position in SPDR Russell 1000 Yield Focus ETF in the first quarter worth about $64,000. Garton & Associates Financial Advisors LLC bought a new position in SPDR Russell 1000 Yield Focus ETF in the fourth quarter worth about $137,000. Finally, Royal Bank of Canada lifted its position in shares of SPDR Russell 1000 Yield Focus ETF by 18.4% during the first quarter. Royal Bank of Canada now owns 1,504 shares of the company’s stock valued at $181,000 after buying an additional 234 shares during the last quarter.

SPDR Russell 1000 Yield Focus ETF Stock Down 0.3%

Shares of NYSEARCA:ONEY opened at $128.95 on Friday. The stock has a market capitalization of $867.83 million, a P/E ratio of 14.77 and a beta of 0.83. The firm has a fifty day simple moving average of $126.93 and a two-hundred day simple moving average of $122.46. SPDR Russell 1000 Yield Focus ETF has a 52 week low of $107.36 and a 52 week high of $131.97.

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.