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

State Street Blackstone High Income ETF (BATS:HYBL) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 35,805 shares, an increase of 254.9% from the May 14th total of 10,088 shares. Based on an average trading volume of 97,584 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

State Street Blackstone High Income ETF Price Performance

Shares of HYBL stock opened at $27.92 on Thursday. The stock’s 50-day moving average is $28.01 and its two-hundred day moving average is $28.18. State Street Blackstone High Income ETF has a fifty-two week low of $27.60 and a fifty-two week high of $28.69.

Institutional Trading of State Street Blackstone High Income ETF

Several large investors have recently modified their holdings of HYBL. Western Wealth Management LLC bought a new stake in State Street Blackstone High Income ETF during the first quarter valued at about $33,000. Farther Finance Advisors LLC acquired a new position in shares of State Street Blackstone High Income ETF in the fourth quarter valued at $35,000. Sound Income Strategies LLC boosted its position in shares of State Street Blackstone High Income ETF by 371.4% during the 1st quarter. Sound Income Strategies LLC now owns 1,650 shares of the company’s stock valued at $46,000 after acquiring an additional 1,300 shares in the last quarter. Waverly Advisors LLC acquired a new stake in State Street Blackstone High Income ETF during the first quarter valued at approximately $66,000. Finally, Ameritas Advisory Services LLC bought a new stake in State Street Blackstone High Income ETF in the third quarter valued at $105,000.

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.