State Street Blackstone High Income ETF (BATS:HYBL – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 205,161 shares, an increase of 4,423.9% from the September 30th total of 4,535 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 185,538 shares, the short-interest ratio is presently 1.1 days.
State Street Blackstone High Income ETF Stock Up 0.4%
BATS HYBL opened at $27.43 on Wednesday. The firm’s fifty day simple moving average is $27.73 and its two-hundred day simple moving average is $27.96. State Street Blackstone High Income ETF has a 12-month low of $27.29 and a 12-month high of $28.62.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Field & Main Bank acquired a new position in State Street Blackstone High Income ETF during the 2nd quarter valued at about $414,000. Western Wealth Management LLC purchased a new stake in State Street Blackstone High Income ETF in the first quarter valued at about $33,000. Clearstead Trust LLC purchased a new stake in State Street Blackstone High Income ETF in the second quarter valued at about $38,000. Integrated Wealth Concepts LLC acquired a new stake in State Street Blackstone High Income ETF in the second quarter worth about $40,000. Finally, Sound Income Strategies LLC boosted its holdings in State Street Blackstone High Income ETF by 371.4% in the first quarter. Sound Income Strategies LLC now owns 1,650 shares of the company’s stock worth $46,000 after acquiring an additional 1,300 shares in the last quarter.
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.
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