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

by · The Markets Daily

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY – Get Free Report) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 1,188 shares, a decrease of 63.2% from the December 15th total of 3,229 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 35,562 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 35,562 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ONEY. Leavell Investment Management Inc. grew its position in SPDR Russell 1000 Yield Focus ETF by 0.9% in the second quarter. Leavell Investment Management Inc. now owns 17,144 shares of the company’s stock valued at $1,856,000 after acquiring an additional 145 shares during the period. Valmark Advisers Inc. raised its stake in shares of SPDR Russell 1000 Yield Focus ETF by 7.2% in the second quarter. Valmark Advisers Inc. now owns 2,424 shares of the company’s stock valued at $262,000 after acquiring an additional 163 shares during the last quarter. World Equity Group Inc. boosted its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 4.5% in the 4th quarter. World Equity Group Inc. now owns 3,764 shares of the company’s stock worth $427,000 after acquiring an additional 163 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 7.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,911 shares of the company’s stock worth $330,000 after acquiring an additional 199 shares in the last quarter. Finally, Precedent Wealth Partners LLC grew its position in SPDR Russell 1000 Yield Focus ETF by 1.7% during the 4th quarter. Precedent Wealth Partners LLC now owns 12,847 shares of the company’s stock worth $1,459,000 after acquiring an additional 217 shares during the last quarter.

SPDR Russell 1000 Yield Focus ETF Stock Up 0.9%

ONEY traded up $1.09 during trading on Wednesday, reaching $119.77. 10,117 shares of the company’s stock were exchanged, compared to its average volume of 43,857. The company has a market capitalization of $851.56 million, a P/E ratio of 14.77 and a beta of 0.96. The business has a 50 day moving average price of $114.20 and a 200 day moving average price of $113.09. SPDR Russell 1000 Yield Focus ETF has a fifty-two week low of $94.39 and a fifty-two week high of $119.90.

SPDR Russell 1000 Yield Focus ETF Company Profile

(Get Free Report)

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.

See Also