SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) Sees Large Drop in Short Interest

SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 387,432 shares, a drop of 35.2% from the November 30th total of 597,508 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 464,215 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 464,215 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are sold short.

SPDR Doubleline Total Return Tactical ETF Price Performance

TOTL stock traded up $0.02 during midday trading on Monday, reaching $40.31. The company had a trading volume of 335,262 shares, compared to its average volume of 402,542. SPDR Doubleline Total Return Tactical ETF has a 1 year low of $38.97 and a 1 year high of $40.86. The firm has a 50-day moving average price of $40.47 and a 200-day moving average price of $40.28.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new stake in shares of SPDR Doubleline Total Return Tactical ETF in the 3rd quarter valued at about $29,000. Bare Financial Services Inc purchased a new position in SPDR Doubleline Total Return Tactical ETF in the 3rd quarter worth approximately $31,000. Triumph Capital Management bought a new stake in SPDR Doubleline Total Return Tactical ETF in the third quarter valued at approximately $39,000. FWL Investment Management LLC lifted its position in SPDR Doubleline Total Return Tactical ETF by 13.2% in the second quarter. FWL Investment Management LLC now owns 4,239 shares of the company’s stock valued at $170,000 after purchasing an additional 495 shares during the last quarter. Finally, Betterment LLC boosted its stake in shares of SPDR Doubleline Total Return Tactical ETF by 4.6% during the third quarter. Betterment LLC now owns 5,748 shares of the company’s stock valued at $233,000 after purchasing an additional 251 shares during the period.

SPDR Doubleline Total Return Tactical ETF Company Profile

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.