SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Large Decline in Short Interest

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 3,531 shares, a decline of 48.7% from the February 26th total of 6,887 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 45,793 shares, the short-interest ratio is presently 0.1 days.

SPDR Russell 1000 Yield Focus ETF Trading Down 0.5%

ONEY traded down $0.61 during trading hours on Friday, hitting $118.78. 5,442 shares of the company’s stock were exchanged, compared to its average volume of 22,243. The firm has a market cap of $817.21 million, a P/E ratio of 14.77 and a beta of 0.96. SPDR Russell 1000 Yield Focus ETF has a 12-month low of $94.39 and a 12-month high of $127.17. The firm has a 50 day moving average of $122.24 and a 200 day moving average of $116.69.

Institutional Trading of SPDR Russell 1000 Yield Focus ETF

Several hedge funds have recently modified their holdings of ONEY. World Investment Advisors purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF in the 4th quarter valued at about $293,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 4th quarter worth $137,000. Cetera Investment Advisers grew its stake in shares of SPDR Russell 1000 Yield Focus ETF by 5.9% during the fourth quarter. Cetera Investment Advisers now owns 38,491 shares of the company’s stock worth $4,371,000 after purchasing an additional 2,145 shares in the last quarter. Equitable Holdings Inc. grew its stake in shares of SPDR Russell 1000 Yield Focus ETF by 15.2% during the fourth quarter. Equitable Holdings Inc. now owns 40,342 shares of the company’s stock worth $4,581,000 after purchasing an additional 5,336 shares in the last quarter. Finally, Berkshire Asset Management LLC PA purchased a new position in SPDR Russell 1000 Yield Focus ETF in the fourth quarter valued at $227,000.

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.