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

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 5,900 shares, a drop of 34.4% from the September 30th total of 9,000 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 28,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 28,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

SPDR Russell 1000 Yield Focus ETF Price Performance

ONEY stock traded down $0.65 during midday trading on Tuesday, hitting $110.29. 18,802 shares of the stock traded hands, compared to its average volume of 27,287. The firm has a market cap of $807.29 million, a P/E ratio of 14.77 and a beta of 0.96. The stock’s fifty day simple moving average is $113.37 and its 200-day simple moving average is $110.36. SPDR Russell 1000 Yield Focus ETF has a 1-year low of $94.39 and a 1-year high of $118.17.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lebenthal Global Advisors LLC lifted its holdings in SPDR Russell 1000 Yield Focus ETF by 1.5% during the third quarter. Lebenthal Global Advisors LLC now owns 115,155 shares of the company’s stock valued at $13,031,000 after purchasing an additional 1,726 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in SPDR Russell 1000 Yield Focus ETF during the third quarter valued at $1,924,000. GPS Wealth Strategies Group LLC lifted its holdings in SPDR Russell 1000 Yield Focus ETF by 249.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 936 shares of the company’s stock valued at $106,000 after purchasing an additional 668 shares in the last quarter. Truist Financial Corp lifted its holdings in SPDR Russell 1000 Yield Focus ETF by 31.8% during the third quarter. Truist Financial Corp now owns 3,804 shares of the company’s stock valued at $430,000 after purchasing an additional 917 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new position in SPDR Russell 1000 Yield Focus ETF during the third quarter valued at $62,000.

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.