State Street Blackstone High Income ETF (BATS:HYBL) Sees Significant Growth in Short Interest

State Street Blackstone High Income ETF (BATS:HYBL) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 205,161 shares, a growth of 4,423.9% from the September 30th total of 4,535 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 185,538 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYBL. Bank of America Corp DE raised its holdings in shares of State Street Blackstone High Income ETF by 19.4% in the 1st quarter. Bank of America Corp DE now owns 666,803 shares of the company’s stock worth $18,564,000 after buying an additional 108,295 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new stake in State Street Blackstone High Income ETF in the second quarter valued at $969,000. NewEdge Wealth LLC bought a new position in shares of State Street Blackstone High Income ETF in the first quarter valued at approximately $1,299,000. Decker Wealth Management LLC acquired a new stake in State Street Blackstone High Income ETF during the 1st quarter valued at $11,678,000. Finally, Wealth Watch Advisors INC grew its holdings in shares of State Street Blackstone High Income ETF by 90.0% during the first quarter. Wealth Watch Advisors INC now owns 62,508 shares of the company’s stock worth $1,740,000 after purchasing an additional 29,601 shares during the last quarter.

State Street Blackstone High Income ETF Price Performance

Shares of BATS:HYBL traded down $0.01 during midday trading on Monday, reaching $27.33. 203,287 shares of the company’s stock were exchanged, compared to its average volume of 152,028. The company’s 50 day simple moving average is $27.75 and its two-hundred day simple moving average is $27.90. State Street Blackstone High Income ETF has a 12 month low of $27.29 and a 12 month high of $28.62.

About State Street Blackstone High Income ETF

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.