SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Short Interest Update

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw a large increase in short interest in 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 trading volume of 9,549,737 shares, the short-interest ratio is currently 2.3 days. Currently, 4.5% of the shares of the company are short sold.

SPDR Portfolio High Yield Bond ETF Stock Down 0.1%

Shares of SPHY stock traded down $0.02 on Friday, reaching $23.31. The stock had a trading volume of 3,002,653 shares, compared to its average volume of 5,947,557. The firm’s 50-day moving average is $23.33 and its two-hundred day moving average is $23.43. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 12 month low of $23.02 and a 12 month high of $23.99.

Hedge Funds Weigh In On SPDR Portfolio High Yield Bond ETF

Institutional investors have recently bought and sold shares of the business. Sei Investments Co. boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 5.7% during the 1st quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock worth $462,499,000 after acquiring an additional 1,061,796 shares during the period. LPL Financial LLC raised its stake in SPDR Portfolio High Yield Bond ETF by 12.3% in the 4th quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock valued at $208,358,000 after acquiring an additional 967,530 shares during the period. Ameriprise Financial Inc. lifted its holdings in 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 valued at $207,971,000 after purchasing an additional 2,232,954 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 0.6% during the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock valued at $171,527,000 after purchasing an additional 46,030 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in SPDR Portfolio High Yield Bond ETF by 14.8% during the 4th quarter. US Bancorp DE now owns 6,510,583 shares of the company’s stock valued at $154,106,000 after purchasing an additional 841,165 shares during the last quarter.

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.