State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT – Get Free Report) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 107,010 shares, a growth of 543.9% from the May 14th total of 16,619 shares. Based on an average daily trading volume, of 70,948 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.0% of the company’s shares are sold short.
State Street DoubleLine Short Duration Total Return Tactical ETF Trading Up 0.1%
Shares of STOT opened at $46.99 on Friday. State Street DoubleLine Short Duration Total Return Tactical ETF has a 1-year low of $46.88 and a 1-year high of $47.55. The company has a 50-day moving average of $47.05 and a 200 day moving average of $47.21.
Institutional Investors Weigh In On State Street DoubleLine Short Duration Total Return Tactical ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in State Street DoubleLine Short Duration Total Return Tactical ETF during the 1st quarter valued at about $214,000. Flow Traders U.S. LLC bought a new stake in State Street DoubleLine Short Duration Total Return Tactical ETF during the 2nd quarter valued at about $244,000. Finally, Janney Montgomery Scott LLC increased its position in State Street DoubleLine Short Duration Total Return Tactical ETF by 16.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 37,520 shares of the company’s stock valued at $1,774,000 after purchasing an additional 5,377 shares during the period.
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.
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