State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT) Short Interest Update

State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 107,010 shares, a growth of 543.9% from the May 14th total of 16,619 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily volume of 70,948 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in STOT. Root Financial Partners LLC purchased a new position in State Street DoubleLine Short Duration Total Return Tactical ETF in the first quarter worth approximately $214,000. Flow Traders U.S. LLC purchased a new position in State Street DoubleLine Short Duration Total Return Tactical ETF in the second quarter worth approximately $244,000. Finally, Janney Montgomery Scott LLC grew its position in 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 worth $1,774,000 after acquiring an additional 5,377 shares during the period.

State Street DoubleLine Short Duration Total Return Tactical ETF Stock Performance

STOT stock opened at $46.92 on Wednesday. The business has a 50 day simple moving average of $47.06 and a 200-day simple moving average of $47.22. State Street DoubleLine Short Duration Total Return Tactical ETF has a 1 year low of $46.88 and a 1 year high of $47.55.

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.