Short Interest in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Declines By 40.2%

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 11,941,271 shares, a decline of 40.2% from the November 30th total of 19,960,629 shares. Currently, 7.5% of the company’s shares are short sold. Based on an average daily volume of 4,320,031 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily volume of 4,320,031 shares, the days-to-cover ratio is currently 2.8 days. Currently, 7.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SRLN. Bank of America Corp DE increased its stake in SPDR Blackstone Senior Loan ETF by 14.5% in the second quarter. Bank of America Corp DE now owns 13,282,946 shares of the company’s stock valued at $552,438,000 after purchasing an additional 1,686,876 shares in the last quarter. Arizona PSPRS Trust grew its stake in shares of SPDR Blackstone Senior Loan ETF by 1.9% in the 3rd quarter. Arizona PSPRS Trust now owns 8,149,736 shares of the company’s stock valued at $338,866,000 after buying an additional 155,567 shares during the period. State Street Corp increased its position in SPDR Blackstone Senior Loan ETF by 0.5% in the 2nd quarter. State Street Corp now owns 3,225,320 shares of the company’s stock valued at $134,141,000 after buying an additional 15,877 shares in the last quarter. UBS Group AG increased its position in SPDR Blackstone Senior Loan ETF by 85.3% in the 3rd quarter. UBS Group AG now owns 2,806,257 shares of the company’s stock valued at $116,684,000 after buying an additional 1,291,980 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in SPDR Blackstone Senior Loan ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 1,979,171 shares of the company’s stock worth $81,403,000 after buying an additional 9,529 shares during the period.

SPDR Blackstone Senior Loan ETF Price Performance

Shares of SPDR Blackstone Senior Loan ETF stock traded up $0.02 on Tuesday, reaching $41.25. 2,199,841 shares of the company’s stock were exchanged, compared to its average volume of 4,703,895. SPDR Blackstone Senior Loan ETF has a 52 week low of $39.08 and a 52 week high of $42.03. The firm’s 50-day moving average is $41.30 and its two-hundred day moving average is $41.39.

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.