State Street DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT – Get Free Report) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 19,991 shares, a drop of 74.0% from the July 30th total of 76,903 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 49,471 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in STOT. Root Financial Partners LLC acquired a new stake in shares of State Street DoubleLine Short Duration Total Return Tactical ETF during the first quarter worth $214,000. Janney Montgomery Scott LLC boosted its stake in State Street DoubleLine Short Duration Total Return Tactical ETF by 1.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 38,045 shares of the company’s stock worth $1,793,000 after purchasing an additional 525 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in State Street DoubleLine Short Duration Total Return Tactical ETF in the 2nd quarter worth $244,000.
State Street DoubleLine Short Duration Total Return Tactical ETF Trading Down 0.0%
Shares of STOT opened at $46.90 on Friday. The stock has a 50 day simple moving average of $46.88 and a 200 day simple moving average of $47.05. State Street DoubleLine Short Duration Total Return Tactical ETF has a 52-week low of $46.73 and a 52-week high of $47.55.
About State Street DoubleLine Short Duration Total Return Tactical ETF
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.
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