Short Interest in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Declines By 35.7%

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 8,891,899 shares, a decrease of 35.7% from the July 30th total of 13,837,492 shares. Currently, 6.7% of the company’s stock are short sold. Based on an average daily volume of 2,161,590 shares, the short-interest ratio is presently 4.1 days.

Hedge Funds Weigh In On SPDR Blackstone Senior Loan ETF

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in SPDR Blackstone Senior Loan ETF by 731.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 39,966 shares of the company’s stock valued at $1,649,000 after acquiring an additional 35,157 shares during the period. Valeo Financial Advisors LLC bought a new position in SPDR Blackstone Senior Loan ETF during the fourth quarter worth $1,009,000. WCG Wealth Advisors LLC bought a new position in SPDR Blackstone Senior Loan ETF during the fourth quarter worth $577,000. MRA Advisory Group increased its holdings in shares of SPDR Blackstone Senior Loan ETF by 5.6% in the first quarter. MRA Advisory Group now owns 252,778 shares of the company’s stock valued at $10,147,000 after purchasing an additional 13,297 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of SPDR Blackstone Senior Loan ETF by 34.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 617,564 shares of the company’s stock valued at $25,477,000 after purchasing an additional 157,684 shares during the last quarter.

SPDR Blackstone Senior Loan ETF Price Performance

SRLN stock traded up $0.04 during trading hours on Wednesday, reaching $40.51. 706,520 shares of the stock were exchanged, compared to its average volume of 3,669,238. The firm’s 50-day moving average is $40.40 and its 200-day moving average is $40.34. SPDR Blackstone Senior Loan ETF has a 12 month low of $39.39 and a 12 month high of $41.63.

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.