Short Interest in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Rises By 105.1%

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 22,387,372 shares, an increase of 105.1% from the July 15th total of 10,912,946 shares. Based on an average daily trading volume, of 9,549,737 shares, the days-to-cover ratio is presently 2.3 days. Approximately 4.5% of the shares of the company are sold short.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SPHY traded down $0.02 on Friday, hitting $23.31. 3,002,653 shares of the company were exchanged, compared to its average volume of 5,947,557. The company’s 50 day moving average price is $23.33 and its two-hundred day moving average price is $23.43. SPDR Portfolio High Yield Bond ETF has a one year low of $23.02 and a one year high of $23.99. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

Institutional Trading of SPDR Portfolio High Yield Bond ETF

A number of hedge funds have recently modified their holdings of the company. Asset Management One Co. Ltd. bought a new position in SPDR Portfolio High Yield Bond ETF in the fourth quarter worth $85,587,000. Ameriprise Financial Inc. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 34.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after purchasing an additional 2,232,954 shares during the period. Ocean Park Asset Management LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 53.4% in the 2nd quarter. Ocean Park Asset Management LLC now owns 6,080,823 shares of the company’s stock worth $142,534,000 after buying an additional 2,116,024 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 68.1% in the 1st quarter. Cetera Investment Advisers now owns 3,556,254 shares of the company’s stock worth $82,932,000 after buying an additional 1,441,014 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 148,527.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock worth $26,188,000 after buying an additional 1,093,159 shares during the period.

About SPDR Portfolio High Yield Bond ETF

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.