Short Interest in SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) Rises By 1,251.7%

SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 307,848 shares, an increase of 1,251.7% from the May 14th total of 22,775 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 425,302 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On SPDR Doubleline Total Return Tactical ETF

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of SPDR Doubleline Total Return Tactical ETF by 9.8% during the second quarter. JPMorgan Chase & Co. now owns 12,803 shares of the company’s stock valued at $514,000 after buying an additional 1,146 shares during the period. Baird Financial Group Inc. boosted its holdings in SPDR Doubleline Total Return Tactical ETF by 10.6% during the 2nd quarter. Baird Financial Group Inc. now owns 29,611 shares of the company’s stock valued at $1,188,000 after acquiring an additional 2,847 shares during the period. NewEdge Advisors LLC boosted its holdings in SPDR Doubleline Total Return Tactical ETF by 13.5% during the 2nd quarter. NewEdge Advisors LLC now owns 230,540 shares of the company’s stock valued at $9,247,000 after acquiring an additional 27,504 shares during the period. Captrust Financial Advisors grew its position in SPDR Doubleline Total Return Tactical ETF by 111.6% in the 2nd quarter. Captrust Financial Advisors now owns 514,531 shares of the company’s stock valued at $20,638,000 after acquiring an additional 271,382 shares during the last quarter. Finally, Bare Financial Services Inc purchased a new stake in SPDR Doubleline Total Return Tactical ETF in the third quarter worth $31,000.

SPDR Doubleline Total Return Tactical ETF Stock Performance

NYSEARCA:TOTL remained flat at $39.15 during midday trading on Wednesday. The company had a trading volume of 345,562 shares, compared to its average volume of 402,767. The firm has a 50-day moving average price of $39.57 and a two-hundred day moving average price of $40.03. SPDR Doubleline Total Return Tactical ETF has a one year low of $38.97 and a one year high of $40.86.

About SPDR Doubleline Total Return Tactical ETF

The SPDR DoubleLine Total Return Tactical ETF (TOTL) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed, long-only bond fund that invests in a wide array of fixed income instruments of any maturity and credit quality. TOTL was launched on Feb 23, 2015 and is managed by State Street.