State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT) Sees Large Decline in Short Interest

State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 16,619 shares, a decline of 79.6% from the April 30th total of 81,596 shares. Based on an average daily trading volume, of 131,871 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings 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 purchasing an additional 525 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of State Street DoubleLine Short Duration Total Return Tactical ETF during the 1st quarter worth approximately $214,000. 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 approximately $244,000.

State Street DoubleLine Short Duration Total Return Tactical ETF Trading Up 0.0%

STOT stock opened at $47.09 on Friday. State Street DoubleLine Short Duration Total Return Tactical ETF has a 12-month low of $46.91 and a 12-month high of $47.55. The business’s 50-day moving average is $47.08 and its 200 day moving average is $47.24.

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.