Short Interest in State Street Blackstone High Income ETF (BATS:HYBL) Drops By 82.9%

State Street Blackstone High Income ETF (BATS:HYBL) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 10,088 shares, a drop of 82.9% from the April 30th total of 59,101 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 145,611 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On State Street Blackstone High Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Decker Wealth Management LLC bought a new stake in shares of State Street Blackstone High Income ETF in the first quarter worth $11,678,000. ZEGA Investments LLC boosted its position in State Street Blackstone High Income ETF by 31.7% in the fourth quarter. ZEGA Investments LLC now owns 1,685,210 shares of the company’s stock worth $47,927,000 after purchasing an additional 405,530 shares during the last quarter. Jane Street Group LLC purchased a new position in State Street Blackstone High Income ETF in the first quarter worth about $4,469,000. OneAscent Financial Services LLC grew its stake in shares of State Street Blackstone High Income ETF by 145.6% during the 4th quarter. OneAscent Financial Services LLC now owns 241,243 shares of the company’s stock valued at $6,861,000 after purchasing an additional 143,001 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of State Street Blackstone High Income ETF by 33.8% during the 4th quarter. Wells Fargo & Company MN now owns 509,088 shares of the company’s stock valued at $14,478,000 after purchasing an additional 128,668 shares during the last quarter.

State Street Blackstone High Income ETF Stock Performance

Shares of State Street Blackstone High Income ETF stock opened at $28.13 on Friday. State Street Blackstone High Income ETF has a twelve month low of $27.60 and a twelve month high of $28.69. The company’s 50 day moving average is $27.97 and its 200 day moving average is $28.21.

State Street Blackstone High Income ETF Company Profile

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.