State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT – Get Free Report) was the recipient of a significant growth in short interest in 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 short-interest ratio is currently 1.6 days. Currently, 2.2% of the company’s shares are sold short.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in State Street DoubleLine Short Duration Total Return Tactical ETF in the 1st quarter valued at $214,000. Janney Montgomery Scott LLC boosted its stake in shares of State Street DoubleLine Short Duration Total Return Tactical ETF by 1.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 38,045 shares of the company’s stock worth $1,793,000 after buying an additional 525 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of State Street DoubleLine Short Duration Total Return Tactical ETF during the 2nd quarter worth about $244,000.
State Street DoubleLine Short Duration Total Return Tactical ETF Stock Up 0.1%
Shares of STOT opened at $46.86 on Wednesday. State Street DoubleLine Short Duration Total Return Tactical ETF has a twelve month low of $46.81 and a twelve month high of $47.55. The company has a 50 day moving average of $46.97 and a 200-day moving average of $47.15.
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.
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