SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Stock Short Interest Rises 56.1%

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 25,129,540 shares, an increase of 56.1% from the September 15th total of 16,097,824 shares. Based on an average daily volume of 6,862,021 shares, the days-to-cover ratio is currently 3.7 days. Currently, 4.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Physician Wealth Advisors Inc. grew its stake in shares of 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 during the last quarter. Brown Lisle Cummings Inc. lifted its stake in SPDR Portfolio High Yield Bond ETF by 1,232.3% during the second quarter. Brown Lisle Cummings Inc. now owns 2,065 shares of the company’s stock valued at $48,000 after purchasing an additional 1,910 shares during the last quarter. Atomic Invest LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 35.0% during the second quarter. Atomic Invest LLC now owns 2,844 shares of the company’s stock worth $67,000 after buying an additional 737 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in SPDR Portfolio High Yield Bond ETF during the second quarter worth approximately $91,000. Finally, Waverly Advisors LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the first quarter worth approximately $99,000.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPHY traded down $0.09 during midday trading on Friday, reaching $22.45. The stock had a trading volume of 3,416,721 shares, compared to its average volume of 5,858,445. SPDR Portfolio High Yield Bond ETF has a 52 week low of $22.32 and a 52 week high of $23.95. The firm’s 50 day moving average price is $22.99 and its 200-day moving average price is $23.24. The company has a market capitalization of $11.78 billion, a P/E ratio of 7.31 and a beta of 0.39.

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.