Short Interest in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Increases By 58.8%

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) 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. Based on an average daily trading volume, of 1,047,446 shares, the short-interest ratio is presently 13.2 days. Approximately 10.5% of the shares of the stock are short sold.

SPDR Blackstone Senior Loan ETF Price Performance

Shares of NYSEARCA:SRLN opened at $40.57 on Thursday. The company’s fifty day moving average price is $40.34 and its 200-day moving average price is $40.35. SPDR Blackstone Senior Loan ETF has a one year low of $39.39 and a one year high of $41.63.

Institutional Investors Weigh In On SPDR Blackstone Senior Loan ETF

A number of large investors have recently added to or reduced their stakes in SRLN. Bank of America Corp DE increased its position in shares of SPDR Blackstone Senior Loan ETF by 14.5% during the 2nd quarter. Bank of America Corp DE now owns 13,282,946 shares of the company’s stock valued at $552,438,000 after purchasing an additional 1,686,876 shares during the last quarter. Morgan Stanley lifted its position in SPDR Blackstone Senior Loan ETF by 6.8% in the 4th quarter. Morgan Stanley now owns 11,164,717 shares of the company’s stock worth $460,768,000 after buying an additional 706,376 shares during the last quarter. Arizona PSPRS Trust boosted its stake in SPDR Blackstone Senior Loan ETF by 2.5% in the fourth quarter. Arizona PSPRS Trust now owns 8,357,347 shares of the company’s stock worth $344,908,000 after buying an additional 207,611 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in SPDR Blackstone Senior Loan ETF by 2.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,215,749 shares of the company’s stock worth $256,524,000 after buying an additional 144,542 shares in the last quarter. Finally, LPL Financial LLC grew its position in SPDR Blackstone Senior Loan ETF by 4.2% during the fourth quarter. LPL Financial LLC now owns 3,837,057 shares of the company’s stock valued at $158,355,000 after acquiring an additional 154,173 shares during the last quarter.

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.