State Street DoubleLine Emerging Markets Fixed Income ETF (BATS:EMTL) Sees Significant Drop in Short Interest

State Street DoubleLine Emerging Markets Fixed Income ETF (BATS:EMTL) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 230 shares, a decline of 99.5% from the May 31st total of 42,322 shares. Based on an average trading volume of 47,266 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Root Financial Partners LLC acquired a new position in shares of State Street DoubleLine Emerging Markets Fixed Income ETF in the 1st quarter valued at about $35,000. JPMorgan Chase & Co. bought a new stake in shares of State Street DoubleLine Emerging Markets Fixed Income ETF during the 2nd quarter valued at about $653,000. Finally, Bank of New York Mellon Corp raised its stake in State Street DoubleLine Emerging Markets Fixed Income ETF by 22.3% during 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 period.

State Street DoubleLine Emerging Markets Fixed Income ETF Stock Performance

Shares of EMTL stock traded up $0.01 on Thursday, hitting $42.72. 2,375 shares of the stock traded hands, compared to its average volume of 20,043. The company’s fifty day moving average is $42.80 and its 200 day moving average is $43.01. State Street DoubleLine Emerging Markets Fixed Income ETF has a 1-year low of $42.31 and a 1-year high of $44.08.

About State Street DoubleLine Emerging Markets Fixed Income ETF

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.