SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 22,387,372 shares, a growth of 105.1% from the July 15th total of 10,912,946 shares. Approximately 4.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,549,737 shares, the days-to-cover ratio is presently 2.3 days.
SPDR Portfolio High Yield Bond ETF Price Performance
SPDR Portfolio High Yield Bond ETF stock opened at $23.31 on Monday. The stock has a market cap of $11.65 billion, a PE 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. The business’s 50-day moving average price is $23.33 and its two-hundred day moving average price is $23.43.
Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF
A number of hedge funds have recently made changes to their positions in the stock. Asset Management One Co. Ltd. bought a new stake in shares of SPDR Portfolio High Yield Bond ETF during the fourth quarter worth $85,587,000. Ameriprise Financial Inc. increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 34.6% during the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock worth $207,971,000 after buying an additional 2,232,954 shares in the last quarter. Ocean Park Asset Management LLC lifted its stake 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 valued at $142,534,000 after acquiring an additional 2,116,024 shares during the last quarter. Cetera Investment Advisers lifted its stake 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 valued at $82,932,000 after acquiring an additional 1,441,014 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 148,527.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock valued at $26,188,000 after acquiring an additional 1,093,159 shares during 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.
See Also
- Five stocks we like better than SPDR Portfolio High Yield Bond ETF
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for SPDR Portfolio High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
