Short Interest in TCW Senior Loan ETF (NYSEARCA:SLNZ) Declines By 33.3%

TCW Senior Loan ETF (NYSEARCA:SLNZ) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 9,600 shares, a decrease of 33.3% from the September 15th total of 14,400 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is currently 1.6 days. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On TCW Senior Loan ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SLNZ. Rovin Capital UT ADV purchased a new stake in shares of TCW Senior Loan ETF in the first quarter valued at $2,188,000. Envestnet Asset Management Inc. raised its stake in shares of TCW Senior Loan ETF by 11.0% in the first quarter. Envestnet Asset Management Inc. now owns 33,668 shares of the company’s stock valued at $1,591,000 after acquiring an additional 3,328 shares during the period. AE Wealth Management LLC purchased a new stake in shares of TCW Senior Loan ETF in the first quarter valued at $96,000. Cetera Investment Advisers raised its stake in shares of TCW Senior Loan ETF by 16.7% in the first quarter. Cetera Investment Advisers now owns 77,616 shares of the company’s stock valued at $3,669,000 after acquiring an additional 11,105 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of TCW Senior Loan ETF in the first quarter valued at $2,497,000.

TCW Senior Loan ETF Price Performance

Shares of SLNZ opened at $46.47 on Wednesday. TCW Senior Loan ETF has a twelve month low of $46.00 and a twelve month high of $48.09. The company’s fifty day simple moving average is $46.91 and its 200-day simple moving average is $46.97.

TCW Senior Loan ETF Company Profile

The TCW Senior Loan ETF (SLNZ) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with a focus on global senior loans of any credit quality and maturity bracket. The investment objective is to provide diversification in the fixed income space.