State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT) Short Interest Up 150.4% in June

State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 118,145 shares, a growth of 150.4% from the June 15th total of 47,179 shares. Based on an average daily volume of 74,571 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.2% of the shares of the stock are short sold.

State Street DoubleLine Short Duration Total Return Tactical ETF Price Performance

Shares of State Street DoubleLine Short Duration Total Return Tactical ETF stock opened at $46.83 on Tuesday. The firm has a 50 day simple moving average of $46.98 and a 200 day simple moving average of $47.15. State Street DoubleLine Short Duration Total Return Tactical ETF has a fifty-two week low of $46.82 and a fifty-two week high of $47.55.

Institutional Investors Weigh In On State Street DoubleLine Short Duration Total Return Tactical ETF

Several hedge funds and other institutional investors have recently made changes to their positions in STOT. Janney Montgomery Scott LLC increased its stake in shares of State Street DoubleLine Short Duration Total Return Tactical ETF by 16.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 37,520 shares of the company’s stock valued at $1,774,000 after buying an additional 5,377 shares during the period. Flow Traders U.S. LLC bought a new position in State Street DoubleLine Short Duration Total Return Tactical ETF in the second quarter valued at about $244,000. Finally, Root Financial Partners LLC acquired a new stake in State Street DoubleLine Short Duration Total Return Tactical ETF in the first quarter worth about $214,000.

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.