SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Unusually-High Trading Volume – Here’s Why

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw strong trading volume on Thursday . Approximately 14,952,438 shares were traded during trading, an increase of 162% from the previous session’s volume of 5,712,888 shares.The stock last traded at $23.26 and had previously closed at $23.19.

SPDR Portfolio High Yield Bond ETF Price Performance

The stock’s 50-day moving average price is $23.36 and its 200-day moving average price is $23.48. The company has a market cap of $11.63 billion, a P/E ratio of 7.31 and a beta of 0.38.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

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

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.