Short Interest in State Street Blackstone High Income ETF (BATS:HYBL) Declines By 51.1%

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

Hedge Funds Weigh In On State Street Blackstone High Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC purchased a new stake in shares of State Street Blackstone High Income ETF during the first quarter worth about $33,000. Farther Finance Advisors LLC bought a new position in State Street Blackstone High Income ETF during the 4th quarter valued at approximately $35,000. Clearstead Trust LLC bought a new position in State Street Blackstone High Income ETF during the 2nd quarter valued at approximately $38,000. Sound Income Strategies LLC lifted its holdings in 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 worth $46,000 after buying an additional 1,300 shares during the period. Finally, Waverly Advisors LLC purchased a new stake in State Street Blackstone High Income ETF in the 1st quarter worth approximately $66,000.

State Street Blackstone High Income ETF Price Performance

BATS HYBL opened at $28.11 on Friday. State Street Blackstone High Income ETF has a 1-year low of $27.60 and a 1-year high of $28.69. The stock has a 50-day moving average of $27.95 and a 200-day moving average of $27.98.

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.