State Street Blackstone High Income ETF (BATS:HYBL) Sees Large Drop in Short Interest

State Street Blackstone High Income ETF (BATS:HYBL) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 28,258 shares, a drop of 86.2% from the October 15th total of 205,161 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 278,339 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On State Street Blackstone High Income ETF

A number of hedge funds have recently added to or reduced their stakes in HYBL. Private Advisor Group LLC purchased a new stake in shares of State Street Blackstone High Income ETF during the third quarter worth $2,499,000. OneAscent Financial Services LLC boosted its holdings in State Street Blackstone High Income ETF by 3.9% in the third quarter. OneAscent Financial Services LLC now owns 293,912 shares of the company’s stock valued at $8,103,000 after purchasing an additional 11,118 shares during the period. OneAscent Family Office LLC grew its position in shares of State Street Blackstone High Income ETF by 19.7% during the third quarter. OneAscent Family Office LLC now owns 103,632 shares of the company’s stock worth $2,857,000 after buying an additional 17,072 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of State Street Blackstone High Income ETF during the third quarter worth approximately $357,000. Finally, Western Wealth Management LLC increased its stake in shares of State Street Blackstone High Income ETF by 19.4% during the third quarter. Western Wealth Management LLC now owns 42,222 shares of the company’s stock worth $1,164,000 after buying an additional 6,853 shares during the period.

State Street Blackstone High Income ETF Trading Down 0.1%

Shares of HYBL opened at $27.31 on Wednesday. State Street Blackstone High Income ETF has a 1-year low of $27.18 and a 1-year high of $28.62. The firm has a 50-day simple moving average of $27.59 and a two-hundred day simple moving average of $27.91.

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.