SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Significant Increase in Short Interest

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 14,550,000 shares, an increase of 143.7% from the May 15th total of 5,970,000 shares. Based on an average daily trading volume, of 6,786,300 shares, the short-interest ratio is currently 2.1 days. Currently, 4.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. ORG Partners LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the 1st quarter valued at $26,000. Golden State Wealth Management LLC increased its stake in SPDR Portfolio High Yield Bond ETF by 193.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,415 shares of the company’s stock worth $33,000 after acquiring an additional 932 shares during the last quarter. Centennial Bank AR bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the 1st quarter valued at about $34,000. Providence First Trust Co bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at about $47,000. Finally, OLD Point Trust & Financial Services N A purchased a new stake in SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at about $57,000.

SPDR Portfolio High Yield Bond ETF Trading Down 0.3%

Shares of NYSEARCA:SPHY traded down $0.06 during mid-day trading on Friday, hitting $23.43. 2,830,784 shares of the company traded hands, compared to its average volume of 5,011,084. The stock has a 50-day moving average price of $23.22 and a two-hundred day moving average price of $23.46. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $24.07. The stock has a market cap of $8.13 billion, a P/E ratio of 7.31 and a beta of 0.40.

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.