State Street Blackstone High Income ETF (BATS:HYBL) Short Interest Update

State Street Blackstone High Income ETF (BATS:HYBL) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 39,867 shares, a decline of 40.0% from the June 15th total of 66,401 shares. Based on an average daily trading volume, of 117,049 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of State Street Blackstone High Income ETF

Hedge funds have recently modified their holdings of the company. Western Wealth Management LLC bought a new position in State Street Blackstone High Income ETF during the first quarter valued at $33,000. Farther Finance Advisors LLC purchased a new stake in shares of State Street Blackstone High Income ETF during the 4th quarter valued at about $35,000. Sound Income Strategies LLC lifted its holdings in shares of State Street Blackstone High Income ETF by 371.4% in the 1st quarter. Sound Income Strategies LLC now owns 1,650 shares of the company’s stock valued at $46,000 after acquiring an additional 1,300 shares during the last quarter. Waverly Advisors LLC bought a new position in shares of State Street Blackstone High Income ETF in the 1st quarter valued at about $66,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in State Street Blackstone High Income ETF in the third quarter worth about $119,000.

State Street Blackstone High Income ETF Stock Performance

HYBL traded down $0.01 during trading on Friday, hitting $27.94. 53,667 shares of the company traded hands, compared to its average volume of 155,063. The stock’s 50-day simple moving average is $27.98 and its two-hundred day simple moving average is $28.09. State Street Blackstone High Income ETF has a 1 year low of $27.60 and a 1 year high of $28.69.

About State Street Blackstone High Income ETF

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.