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

State Street Blackstone High Income ETF (BATS:HYBL) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 35,805 shares, a growth of 254.9% from the May 14th total of 10,088 shares. Based on an average daily volume of 97,584 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of State Street Blackstone High Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Redmont Wealth Advisors LLC raised its stake in State Street Blackstone High Income ETF by 4.6% during the 4th quarter. Redmont Wealth Advisors LLC now owns 8,850 shares of the company’s stock valued at $252,000 after acquiring an additional 388 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of State Street Blackstone High Income ETF by 2.8% in the third quarter. Merit Financial Group LLC now owns 14,703 shares of the company’s stock valued at $421,000 after purchasing an additional 397 shares during the period. Advisory Services Network LLC lifted its stake in shares of State Street Blackstone High Income ETF by 1.3% in the second quarter. Advisory Services Network LLC now owns 38,390 shares of the company’s stock valued at $1,096,000 after purchasing an additional 487 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of State Street Blackstone High Income ETF by 2.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,980 shares of the company’s stock valued at $710,000 after purchasing an additional 500 shares during the period. Finally, 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.

State Street Blackstone High Income ETF Stock Down 0.1%

Shares of State Street Blackstone High Income ETF stock traded down $0.02 on Friday, hitting $27.96. The stock had a trading volume of 91,743 shares, compared to its average volume of 167,323. State Street Blackstone High Income ETF has a 52-week low of $27.60 and a 52-week high of $28.69. The company’s 50 day moving average price is $28.02 and its 200 day moving average price is $28.17.

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.