Short Interest in SPDR Doubleline Total Return Tactical ETF (TOTL) Drops By 43.4%

SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) saw a large decrease in short interest during the month of March. As of March 29th, there was short interest totalling 618,676 shares, a decrease of 43.4% from the March 15th total of 1,093,894 shares. Based on an average trading volume of 514,216 shares, the days-to-cover ratio is currently 1.2 days.

Shares of NYSEARCA TOTL opened at $47.98 on Wednesday. SPDR Doubleline Total Return Tactical ETF has a twelve month low of $46.63 and a twelve month high of $48.40.

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.138 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 3.45%. This is an increase from SPDR Doubleline Total Return Tactical ETF’s previous monthly dividend of $0.13. The ex-dividend date was Monday, April 1st.

Hedge funds and other institutional investors have recently modified their holdings of the business. Grimes & Company Inc. lifted its stake in SPDR Doubleline Total Return Tactical ETF by 655.7% during the fourth quarter. Grimes & Company Inc. now owns 602,073 shares of the company’s stock valued at $28,520,000 after buying an additional 522,404 shares in the last quarter. Gemmer Asset Management LLC lifted its stake in SPDR Doubleline Total Return Tactical ETF by 4.2% during the fourth quarter. Gemmer Asset Management LLC now owns 265,154 shares of the company’s stock valued at $12,560,000 after buying an additional 10,590 shares in the last quarter. Captrust Financial Advisors purchased a new stake in SPDR Doubleline Total Return Tactical ETF during the fourth quarter valued at about $11,718,000. Cribstone Capital Management LLC lifted its stake in SPDR Doubleline Total Return Tactical ETF by 0.6% during the first quarter. Cribstone Capital Management LLC now owns 176,648 shares of the company’s stock valued at $8,541,000 after buying an additional 1,050 shares in the last quarter. Finally, Litman Gregory Asset Management LLC lifted its stake in SPDR Doubleline Total Return Tactical ETF by 35.2% during the fourth quarter. Litman Gregory Asset Management LLC now owns 150,908 shares of the company’s stock valued at $7,149,000 after buying an additional 39,284 shares in the last quarter.

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