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 large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 24,107 shares, a decrease of 51.1% from the July 30th total of 49,300 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 171,826 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On State Street Blackstone High Income ETF

Hedge funds have recently added to or reduced their stakes in the company. Decker Wealth Management LLC purchased a new position in shares of State Street Blackstone High Income ETF during the 1st quarter valued at about $11,678,000. Coppell Advisory Solutions LLC purchased a new stake in State Street Blackstone High Income ETF in the second quarter worth approximately $6,370,000. Jane Street Group LLC purchased a new stake in State Street Blackstone High Income ETF in the first quarter worth approximately $4,469,000. OneAscent Financial Services LLC grew its position in State Street Blackstone High Income ETF by 145.6% during the fourth quarter. OneAscent Financial Services LLC now owns 241,243 shares of the company’s stock valued at $6,861,000 after acquiring an additional 143,001 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in State Street Blackstone High Income ETF by 33.8% during the fourth quarter. Wells Fargo & Company MN now owns 509,088 shares of the company’s stock valued at $14,478,000 after acquiring an additional 128,668 shares during the last quarter.

State Street Blackstone High Income ETF Stock Performance

State Street Blackstone High Income ETF stock opened at $28.11 on Friday. State Street Blackstone High Income ETF has a fifty-two week low of $27.60 and a fifty-two week high of $28.69. The firm’s fifty day moving average price is $27.95 and its 200-day moving average price is $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.