SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 25,129,540 shares, a growth of 56.1% from the September 15th total of 16,097,824 shares. Based on an average trading volume of 6,862,021 shares, the short-interest ratio is presently 3.7 days. Approximately 4.8% of the shares of the stock are sold short.
SPDR Portfolio High Yield Bond ETF Trading Down 0.4%
Shares of NYSEARCA SPHY traded down $0.09 during mid-day trading on Friday, reaching $22.45. The company had a trading volume of 3,416,721 shares, compared to its average volume of 5,858,445. The company has a 50-day moving average price of $22.99 and a two-hundred day moving average price of $23.24. The stock has a market cap of $11.78 billion, a PE ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.32 and a 1-year high of $23.95.
Hedge Funds Weigh In On SPDR Portfolio High Yield Bond ETF
A number of hedge funds and other institutional investors have recently modified their holdings of SPHY. Physician Wealth Advisors Inc. increased its stake in SPDR Portfolio High Yield Bond ETF by 54.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock worth $41,000 after purchasing an additional 623 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF by 1,232.3% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 2,065 shares of the company’s stock worth $48,000 after buying an additional 1,910 shares during the period. Atomic Invest LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 35.0% during the 2nd quarter. Atomic Invest LLC now owns 2,844 shares of the company’s stock worth $67,000 after buying an additional 737 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in SPDR Portfolio High Yield Bond ETF during the second quarter valued at about $91,000. Finally, Waverly Advisors LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF during the first quarter valued at about $99,000.
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.
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