State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT) Short Interest Down 46.5% in July

State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 63,209 shares, a decrease of 46.5% from the June 30th total of 118,145 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 67,170 shares, the days-to-cover ratio is presently 0.9 days.

State Street DoubleLine Short Duration Total Return Tactical ETF Stock Performance

Shares of STOT opened at $46.90 on Friday. The company’s 50 day simple moving average is $46.94 and its 200-day simple moving average is $47.12. State Street DoubleLine Short Duration Total Return Tactical ETF has a 12-month low of $46.74 and a 12-month high of $47.55.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of STOT. Root Financial Partners LLC purchased a new stake in shares of State Street DoubleLine Short Duration Total Return Tactical ETF in the first quarter valued at about $214,000. Flow Traders U.S. LLC purchased a new position in shares of State Street DoubleLine Short Duration Total Return Tactical ETF during the second quarter worth about $244,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of State Street DoubleLine Short Duration Total Return Tactical ETF by 16.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 37,520 shares of the company’s stock worth $1,774,000 after buying an additional 5,377 shares during the last quarter.

About State Street DoubleLine Short Duration Total Return Tactical ETF

The SPDR DoubleLine Short Duration Total Return Tactical ETF (STOT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed and has broad capabilities to invest in short duration investment grade and high-yield fixed income securities. STOT was launched on Apr 13, 2016 and is managed by State Street.