SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 13,837,492 shares, an increase of 58.8% from the July 15th total of 8,711,463 shares. Currently, 10.5% of the company’s stock are short sold. Based on an average daily volume of 1,047,446 shares, the days-to-cover ratio is presently 13.2 days.
Hedge Funds Weigh In On SPDR Blackstone Senior Loan ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its holdings in SPDR Blackstone Senior Loan ETF by 731.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 39,966 shares of the company’s stock worth $1,649,000 after acquiring an additional 35,157 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in SPDR Blackstone Senior Loan ETF during the 4th quarter valued at about $1,009,000. WCG Wealth Advisors LLC bought a new stake in shares of SPDR Blackstone Senior Loan ETF in the 4th quarter valued at about $577,000. MRA Advisory Group raised its holdings in shares of SPDR Blackstone Senior Loan ETF by 5.6% in the 1st quarter. MRA Advisory Group now owns 252,778 shares of the company’s stock valued at $10,147,000 after purchasing an additional 13,297 shares in the last quarter. Finally, Strategic Blueprint LLC raised its holdings in shares of SPDR Blackstone Senior Loan ETF by 464.3% in the 4th quarter. Strategic Blueprint LLC now owns 82,242 shares of the company’s stock valued at $3,394,000 after purchasing an additional 67,667 shares in the last quarter.
SPDR Blackstone Senior Loan ETF Stock Down 0.1%
Shares of SPDR Blackstone Senior Loan ETF stock opened at $40.51 on Wednesday. The company has a 50-day simple moving average of $40.34 and a two-hundred day simple moving average of $40.35. SPDR Blackstone Senior Loan ETF has a 52-week low of $39.39 and a 52-week high of $41.63.
SPDR Blackstone Senior Loan ETF Company Profile
The SPDR Blackstone Senior Loan ETF (SRLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund provides actively managed exposure to noninvestment-grade, floating-rate senior secured debt of US and non-US corporations that resets in 3 months or less. SRLN was launched on Apr 3, 2013 and is managed by State Street.
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