SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sees Large Decline in Short Interest

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 8,891,899 shares, a decline of 35.7% from the July 30th total of 13,837,492 shares. Approximately 6.7% of the company’s stock are short sold. Based on an average trading volume of 2,161,590 shares, the short-interest ratio is presently 4.1 days.

Institutional Investors Weigh In On SPDR Blackstone Senior Loan ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SRLN. Northwestern Mutual Wealth Management Co. increased its position in SPDR Blackstone Senior Loan ETF by 731.1% during the fourth 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 during the period. Valeo Financial Advisors LLC bought a new stake in shares of SPDR Blackstone Senior Loan ETF in the fourth quarter valued at about $1,009,000. MRA Advisory Group grew its holdings in shares of SPDR Blackstone Senior Loan ETF by 5.6% during the 1st quarter. MRA Advisory Group now owns 252,778 shares of the company’s stock worth $10,147,000 after purchasing an additional 13,297 shares in the last quarter. WCG Wealth Advisors LLC acquired a new stake in SPDR Blackstone Senior Loan ETF during the fourth quarter worth $577,000. Finally, Maridea Wealth Management LLC increased its stake in SPDR Blackstone Senior Loan ETF by 30.3% in the first quarter. Maridea Wealth Management LLC now owns 110,967 shares of the company’s stock valued at $4,454,000 after acquiring an additional 25,783 shares during the period.

SPDR Blackstone Senior Loan ETF Trading Down 0.8%

SPDR Blackstone Senior Loan ETF stock traded down $0.33 during mid-day trading on Tuesday, hitting $40.47. 1,992,810 shares of the company’s stock were exchanged, compared to its average volume of 3,687,688. The stock has a 50 day moving average of $40.40 and a two-hundred day moving average of $40.34. SPDR Blackstone Senior Loan ETF has a 1-year low of $39.39 and a 1-year high of $41.63.

About SPDR Blackstone Senior Loan ETF

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.