State Street DoubleLine Emerging Markets Fixed Income ETF (BATS:EMTL – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 42,322 shares, an increase of 79.0% from the May 14th total of 23,645 shares. Based on an average daily volume of 16,172 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.0% of the company’s stock are sold short.
State Street DoubleLine Emerging Markets Fixed Income ETF Price Performance
BATS EMTL opened at $42.69 on Monday. The firm has a 50 day simple moving average of $42.77 and a 200-day simple moving average of $43.05. State Street DoubleLine Emerging Markets Fixed Income ETF has a one year low of $42.31 and a one year high of $44.08.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in State Street DoubleLine Emerging Markets Fixed Income ETF in the second quarter worth approximately $653,000. Root Financial Partners LLC purchased a new position in State Street DoubleLine Emerging Markets Fixed Income ETF in the first quarter worth approximately $35,000. Finally, Bank of New York Mellon Corp lifted its stake in State Street DoubleLine Emerging Markets Fixed Income ETF by 22.3% in the first quarter. Bank of New York Mellon Corp now owns 314,952 shares of the company’s stock worth $13,404,000 after acquiring an additional 57,393 shares during the last quarter.
State Street DoubleLine Emerging Markets Fixed Income ETF Company Profile
The SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) 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 investment grade and high-yield emerging market debt. EMTL was launched on Apr 13, 2016 and is managed by State Street.
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