State Street Blackstone High Income ETF (BATS:HYBL) Sees Large Increase in Short Interest

State Street Blackstone High Income ETF (BATS:HYBL) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 66,401 shares, a growth of 85.5% from the May 31st total of 35,805 shares. Based on an average trading volume of 100,170 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the shares of the stock are short sold.

State Street Blackstone High Income ETF Stock Performance

Shares of HYBL opened at $27.95 on Wednesday. State Street Blackstone High Income ETF has a 12-month low of $27.60 and a 12-month high of $28.69. The company has a 50-day moving average of $28.04 and a two-hundred day moving average of $28.13.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in State Street Blackstone High Income ETF by 1.9% during the 1st quarter. NewEdge Advisors LLC now owns 27,223 shares of the company’s stock valued at $758,000 after buying an additional 517 shares during the last quarter. Allen Capital Group LLC raised its holdings in shares of State Street Blackstone High Income ETF by 54.1% in the first quarter. Allen Capital Group LLC now owns 11,257 shares of the company’s stock worth $313,000 after acquiring an additional 3,954 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of State Street Blackstone High Income ETF in the first quarter worth $33,000. Bank of America Corp DE lifted its position in shares of State Street Blackstone High Income ETF by 19.4% in the first quarter. Bank of America Corp DE now owns 666,803 shares of the company’s stock valued at $18,564,000 after acquiring an additional 108,295 shares in the last quarter. Finally, Gateway Wealth Partners LLC lifted its position in shares of State Street Blackstone High Income ETF by 115.5% in the first quarter. Gateway Wealth Partners LLC now owns 18,860 shares of the company’s stock valued at $525,000 after acquiring an additional 10,108 shares in the last quarter.

State Street Blackstone High Income ETF Company Profile

The SPDR Blackstone High Income ETF (HYBL) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund seeks to provide risk-adjusted total return and high current income through an actively managed portfolio of USD-denominated high yield corporate bonds, senior loans, and collateralized loan obligations (CLOs) of any maturity. HYBL was launched on Feb 17, 2022 and is managed by State Street.