State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 107,010 shares, an increase of 543.9% from the May 14th total of 16,619 shares. Based on an average daily volume of 70,948 shares, the short-interest ratio is currently 1.5 days. Approximately 2.0% of the shares of the company are short sold.
State Street DoubleLine Short Duration Total Return Tactical ETF Stock Performance
BATS STOT opened at $46.92 on Thursday. State Street DoubleLine Short Duration Total Return Tactical ETF has a 52 week low of $46.88 and a 52 week high of $47.55. The company has a 50-day moving average price of $47.06 and a two-hundred day moving average price of $47.22.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in STOT. Flow Traders U.S. LLC bought a new position in shares of State Street DoubleLine Short Duration Total Return Tactical ETF in the second quarter valued at approximately $244,000. Janney Montgomery Scott LLC boosted its holdings in shares of State Street DoubleLine Short Duration Total Return Tactical ETF by 16.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 37,520 shares of the company’s stock valued at $1,774,000 after acquiring an additional 5,377 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of State Street DoubleLine Short Duration Total Return Tactical ETF in the first quarter valued at approximately $214,000.
State Street DoubleLine Short Duration Total Return Tactical ETF Company Profile
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.
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