SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Short Interest Down 38.4% in August

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 6,679 shares, a drop of 38.4% from the August 15th total of 10,846 shares. Based on an average trading volume of 8,251 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of SPDR Russell 1000 Yield Focus ETF

Hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in SPDR Russell 1000 Yield Focus ETF in the first quarter valued at approximately $64,000. Continuum Advisory LLC purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF in the 2nd quarter valued at $137,000. Royal Bank of Canada raised its stake in SPDR Russell 1000 Yield Focus ETF by 18.4% during the 1st quarter. Royal Bank of Canada now owns 1,504 shares of the company’s stock worth $181,000 after acquiring an additional 234 shares in the last quarter. Rodgers & Associates LTD purchased a new stake in shares of SPDR Russell 1000 Yield Focus ETF in the 2nd quarter valued at about $210,000. Finally, Strategic Financial Concepts LLC purchased a new stake in SPDR Russell 1000 Yield Focus ETF in the 4th quarter valued at $220,000.

SPDR Russell 1000 Yield Focus ETF Stock Performance

Shares of SPDR Russell 1000 Yield Focus ETF stock traded down $0.48 on Wednesday, reaching $131.34. The company had a trading volume of 3,425 shares, compared to its average volume of 26,797. The firm has a market cap of $537.20 million, a PE ratio of 14.77 and a beta of 0.83. SPDR Russell 1000 Yield Focus ETF has a 52-week low of $108.75 and a 52-week high of $136.89. The firm’s 50 day moving average price is $133.09 and its two-hundred day moving average price is $127.83.

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.