SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sees Significant Decrease in Short Interest

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 14,077,324 shares, a decrease of 33.1% from the March 31st total of 21,046,310 shares. Based on an average daily trading volume, of 4,610,572 shares, the days-to-cover ratio is presently 3.1 days. Currently, 11.6% of the company’s shares are short sold.

Hedge Funds Weigh In On SPDR Blackstone Senior Loan ETF

Large investors have recently added to or reduced their stakes in the business. Abound Financial LLC purchased a new position in shares of SPDR Blackstone Senior Loan ETF in the 4th quarter worth about $32,000. Beacon Capital Management Inc. raised its holdings in shares of SPDR Blackstone Senior Loan ETF by 65.2% in the 4th quarter. Beacon Capital Management Inc. now owns 846 shares of the company’s stock worth $35,000 after purchasing an additional 334 shares during the period. Quarry LP purchased a new position in shares of SPDR Blackstone Senior Loan ETF in the 4th quarter worth about $36,000. GPS Wealth Strategies Group LLC raised its holdings in shares of 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 purchasing an additional 962 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in shares of SPDR Blackstone Senior Loan ETF in the 4th quarter worth about $45,000.

SPDR Blackstone Senior Loan ETF Stock Performance

NYSEARCA SRLN traded up $0.02 during trading hours on Thursday, hitting $40.60. 1,707,431 shares of the company’s stock were exchanged, compared to its average volume of 5,624,668. The business’s 50 day moving average is $40.18 and its 200-day moving average is $40.84. SPDR Blackstone Senior Loan ETF has a 12-month low of $39.39 and a 12-month high of $41.67.

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.