Short Interest in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Grows By 33.7%
by Amy Steele · The Cerbat GemSPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN – Get Free Report) was the recipient of a significant increase in short interest during 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 daily trading volume, of 6,801,484 shares, the days-to-cover ratio is currently 3.6 days. Currently, 15.8% of the company’s stock are short sold. Currently, 15.8% of the company’s stock are short sold. Based on an average daily trading volume, of 6,801,484 shares, the days-to-cover ratio is currently 3.6 days.
Institutional Investors Weigh In On SPDR Blackstone Senior Loan ETF
Several institutional investors have recently modified their holdings of SRLN. Bank of America Corp DE increased its holdings in SPDR Blackstone Senior Loan ETF by 14.5% in the 2nd quarter. Bank of America Corp DE now owns 13,282,946 shares of the company’s stock worth $552,438,000 after buying an additional 1,686,876 shares in the last quarter. Jane Street Group LLC bought a new position in SPDR Blackstone Senior Loan ETF during the 4th quarter valued at about $55,702,000. UBS Group AG lifted its stake in SPDR Blackstone Senior Loan ETF by 85.3% during the 3rd quarter. UBS Group AG now owns 2,806,257 shares of the company’s stock valued at $116,684,000 after acquiring an additional 1,291,980 shares during the period. Diversify Advisory Services LLC boosted its holdings in shares of SPDR Blackstone Senior Loan ETF by 5,086.5% during the 4th quarter. Diversify Advisory Services LLC now owns 747,744 shares of the company’s stock valued at $30,972,000 after acquiring an additional 733,327 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of SPDR Blackstone Senior Loan ETF by 6.8% during the 4th quarter. Morgan Stanley now owns 11,164,717 shares of the company’s stock valued at $460,768,000 after acquiring an additional 706,376 shares during the last quarter.
SPDR Blackstone Senior Loan ETF Stock Performance
Shares of NYSEARCA SRLN opened at $39.94 on Friday. SPDR Blackstone Senior Loan ETF has a twelve month low of $39.08 and a twelve month high of $41.67. The company has a 50 day moving average of $40.73 and a 200 day moving average of $41.13.
SPDR Blackstone Senior Loan ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.2277 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.
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.