State Street Blackstone High Income ETF (BATS:HYBL) Sees Significant Drop in Short Interest

State Street Blackstone High Income ETF (BATS:HYBL) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 4,535 shares, a drop of 82.0% from the September 15th total of 25,215 shares. Based on an average daily trading volume, of 109,865 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

State Street Blackstone High Income ETF Stock Performance

Shares of BATS HYBL opened at $27.49 on Monday. State Street Blackstone High Income ETF has a twelve month low of $27.31 and a twelve month high of $28.62. The stock’s 50 day moving average price is $27.85 and its 200-day moving average price is $27.93.

Institutional Trading of State Street Blackstone High Income ETF

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of State Street Blackstone High Income ETF by 19.4% during the 1st quarter. Bank of America Corp DE now owns 666,803 shares of the company’s stock valued at $18,564,000 after purchasing an additional 108,295 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of State Street Blackstone High Income ETF during the 1st quarter worth $555,000. Legacy Wealth Managment LLC ID purchased a new position in shares of State Street Blackstone High Income ETF in the 2nd quarter worth about $969,000. NewEdge Wealth LLC purchased a new position in shares of State Street Blackstone High Income ETF in the 1st quarter worth about $1,299,000. Finally, Decker Wealth Management LLC purchased a new position in shares of State Street Blackstone High Income ETF in the 1st quarter worth about $11,678,000.

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.