SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) Sees Significant Increase in Short Interest

SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 277,824 shares, a growth of 92.1% from the January 15th total of 144,648 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 408,802 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 408,802 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are short sold.

SPDR Doubleline Total Return Tactical ETF Stock Performance

NYSEARCA TOTL traded up $0.14 on Friday, hitting $40.58. 424,687 shares of the company’s stock were exchanged, compared to its average volume of 388,904. The firm’s 50-day moving average price is $40.29 and its two-hundred day moving average price is $40.39. SPDR Doubleline Total Return Tactical ETF has a fifty-two week low of $39.22 and a fifty-two week high of $40.86.

SPDR Doubleline Total Return Tactical ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.1646 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.9%.

Institutional Investors Weigh In On SPDR Doubleline Total Return Tactical ETF

A number of hedge funds have recently added to or reduced their stakes in TOTL. Captrust Financial Advisors increased its holdings in SPDR Doubleline Total Return Tactical ETF by 111.6% in the second quarter. Captrust Financial Advisors now owns 514,531 shares of the company’s stock worth $20,638,000 after buying an additional 271,382 shares during the last quarter. Cheviot Value Management LLC increased its holdings in shares of SPDR Doubleline Total Return Tactical ETF by 17.5% during the 4th quarter. Cheviot Value Management LLC now owns 1,269,271 shares of the company’s stock valued at $51,152,000 after acquiring an additional 188,770 shares during the last quarter. Ethos Financial Group LLC acquired a new position in shares of SPDR Doubleline Total Return Tactical ETF during the 2nd quarter valued at about $4,467,000. JPMorgan Chase & Co. grew its holdings in SPDR Doubleline Total Return Tactical ETF by 158.3% during the fourth quarter. JPMorgan Chase & Co. now owns 138,070 shares of the company’s stock valued at $5,557,000 after purchasing an additional 84,623 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its holdings in SPDR Doubleline Total Return Tactical ETF by 36.5% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 222,459 shares of the company’s stock valued at $8,954,000 after purchasing an additional 59,478 shares during the last quarter.

About SPDR Doubleline Total Return Tactical ETF

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.