State Street Blackstone High Income ETF (BATS:HYBL) Sees Significant Drop in Short Interest

State Street Blackstone High Income ETF (BATS:HYBL) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 24,107 shares, a decline of 51.1% from the July 30th total of 49,300 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 171,826 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of State Street Blackstone High Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of State Street Blackstone High Income ETF by 34.4% during the first quarter. Royal Bank of Canada now owns 185,556 shares of the company’s stock valued at $5,218,000 after buying an additional 47,490 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of State Street Blackstone High Income ETF by 5.2% during the first quarter. NewEdge Advisors LLC now owns 17,056 shares of the company’s stock worth $480,000 after purchasing an additional 850 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of State Street Blackstone High Income ETF during the first quarter worth $4,469,000. Raymond James Financial Inc. lifted its position in State Street Blackstone High Income ETF by 3.8% during the second quarter. Raymond James Financial Inc. now owns 929,384 shares of the company’s stock valued at $26,571,000 after purchasing an additional 33,869 shares during the period. Finally, Bank of America Corp DE boosted its holdings in State Street Blackstone High Income ETF by 68.7% in the second quarter. Bank of America Corp DE now owns 299,272 shares of the company’s stock valued at $8,556,000 after purchasing an additional 121,921 shares during the last quarter.

State Street Blackstone High Income ETF Stock Performance

Shares of BATS:HYBL opened at $28.11 on Friday. The business has a 50 day simple moving average of $27.95 and a two-hundred day simple moving average of $27.98. 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.