Short Interest in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Grows By 33.7%

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 24,727,903 shares, an increase of 33.7% from the February 12th total of 18,497,294 shares. Based on an average trading volume of 6,801,484 shares, the short-interest ratio is presently 3.6 days. Currently, 15.8% of the shares of the company are short sold. Currently, 15.8% of the shares of the company are short sold. Based on an average trading volume of 6,801,484 shares, the short-interest ratio is presently 3.6 days.

Institutional Trading of SPDR Blackstone Senior Loan ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Abound Financial LLC bought a new position in shares of SPDR Blackstone Senior Loan ETF in the fourth quarter worth about $32,000. Beacon Capital Management Inc. grew its stake in shares of SPDR Blackstone Senior Loan ETF by 65.2% during the 4th quarter. Beacon Capital Management Inc. now owns 846 shares of the company’s stock valued at $35,000 after acquiring an additional 334 shares during the period. Quarry LP bought a new position in shares of SPDR Blackstone Senior Loan ETF during the 4th quarter valued at approximately $36,000. GPS Wealth Strategies Group LLC increased its holdings in SPDR Blackstone Senior Loan ETF by 1,749.1% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,017 shares of the company’s stock worth $42,000 after acquiring an additional 962 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in SPDR Blackstone Senior Loan ETF during the 4th quarter worth approximately $45,000.

SPDR Blackstone Senior Loan ETF Stock Performance

NYSEARCA:SRLN opened at $39.94 on Friday. SPDR Blackstone Senior Loan ETF has a one year low of $39.08 and a one year high of $41.67. The business has a fifty day moving average price of $40.73 and a 200-day moving average price of $41.13.

SPDR Blackstone Senior Loan ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.2277 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Monday, March 2nd.

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.