SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Short Interest Up 28.4% in January

by · The Cerbat Gem

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN – Get Free Report) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 15,294,469 shares, an increase of 28.4% from the December 31st total of 11,912,272 shares. Based on an average trading volume of 2,646,162 shares, the days-to-cover ratio is presently 5.8 days. Currently, 9.4% of the shares of the stock are sold short. Currently, 9.4% of the shares of the stock are sold short. Based on an average trading volume of 2,646,162 shares, the days-to-cover ratio is presently 5.8 days.

SPDR Blackstone Senior Loan ETF Price Performance

Shares of SPDR Blackstone Senior Loan ETF stock traded down $0.07 during mid-day trading on Monday, hitting $40.89. 11,048,156 shares of the stock were exchanged, compared to its average volume of 5,102,518. The company has a 50-day simple moving average of $41.29 and a 200 day simple moving average of $41.37. SPDR Blackstone Senior Loan ETF has a twelve month low of $39.08 and a twelve month high of $41.80.

SPDR Blackstone Senior Loan ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.2478 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, February 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SRLN. MeadowBrook Investment Advisors LLC purchased a new stake in SPDR Blackstone Senior Loan ETF during the second quarter valued at about $33,000. GPS Wealth Strategies Group LLC raised its holdings in SPDR Blackstone Senior Loan ETF by 1,749.1% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,017 shares of the company’s stock valued at $42,000 after buying an additional 962 shares during the period. Sound Income Strategies LLC acquired a new position in SPDR Blackstone Senior Loan ETF during the fourth quarter valued at approximately $45,000. Cornerstone Planning Group LLC grew its stake in SPDR Blackstone Senior Loan ETF by 309.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,113 shares of the company’s stock worth $46,000 after buying an additional 841 shares during the period. Finally, Triumph Capital Management purchased a new position in shares of SPDR Blackstone Senior Loan ETF in the 3rd quarter valued at $54,000.

SPDR Blackstone Senior Loan ETF Company Profile

(Get Free Report)

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.

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