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

State Street Blackstone High Income ETF (BATS:HYBL) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 10,088 shares, a decrease of 82.9% from the April 30th total of 59,101 shares. Based on an average trading volume of 145,611 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On State Street Blackstone High Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of HYBL. Royal Bank of Canada lifted its position in shares of State Street Blackstone High Income ETF by 34.4% during the 1st quarter. Royal Bank of Canada now owns 185,556 shares of the company’s stock valued at $5,218,000 after acquiring an additional 47,490 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of State Street Blackstone High Income ETF by 5.2% during the 1st quarter. NewEdge Advisors LLC now owns 17,056 shares of the company’s stock valued at $480,000 after acquiring an additional 850 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of State Street Blackstone High Income ETF during the 1st quarter valued at $4,469,000. Raymond James Financial Inc. lifted its position in shares of State Street Blackstone High Income ETF by 3.8% during the 2nd quarter. Raymond James Financial Inc. now owns 929,384 shares of the company’s stock valued at $26,571,000 after acquiring an additional 33,869 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of State Street Blackstone High Income ETF by 68.7% during the 2nd quarter. Bank of America Corp DE now owns 299,272 shares of the company’s stock valued at $8,556,000 after acquiring an additional 121,921 shares during the last quarter.

State Street Blackstone High Income ETF Stock Performance

Shares of BATS:HYBL opened at $28.10 on Thursday. State Street Blackstone High Income ETF has a one year low of $27.60 and a one year high of $28.69. The stock has a fifty day moving average of $27.96 and a 200-day moving average of $28.21.

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.