TCW Senior Loan ETF (NYSE:SLNZ) Sees Significant Decrease in Short Interest

TCW Senior Loan ETF (NYSE:SLNZ) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 276 shares, a drop of 92.5% from the August 15th total of 3,697 shares. Based on an average trading volume of 4,914 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of TCW Senior Loan ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TCW Group Inc. grew its holdings in TCW Senior Loan ETF by 1.0% during the fourth quarter. TCW Group Inc. now owns 4,204,696 shares of the company’s stock valued at $194,719,000 after purchasing an additional 42,660 shares during the period. Jane Street Group LLC purchased a new position in shares of TCW Senior Loan ETF in the 2nd quarter worth about $3,599,000. Goldman Sachs Group Inc. bought a new position in shares of TCW Senior Loan ETF during the 1st quarter valued at $2,497,000. Finally, Royal Bank of Canada lifted its position in TCW Senior Loan ETF by 175.2% in the fourth quarter. Royal Bank of Canada now owns 29,194 shares of the company’s stock valued at $1,352,000 after purchasing an additional 18,586 shares during the last quarter.

TCW Senior Loan ETF Stock Up 0.2%

NYSE SLNZ traded up $0.11 during trading on Friday, hitting $45.65. 709 shares of the company’s stock were exchanged, compared to its average volume of 8,082. TCW Senior Loan ETF has a fifty-two week low of $44.58 and a fifty-two week high of $47.27. The stock’s 50 day moving average price is $45.69 and its two-hundred day moving average price is $45.54.

About TCW Senior Loan ETF

The TCW Senior Loan ETF (SLNZ) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with a focus on global senior loans of any credit quality and maturity bracket. The investment objective is to provide diversification in the fixed income space. SLNZ was launched on Jun 28, 2013 and is issued by TCW.