Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN) Short Interest Down 73.5% in May

Highland/iBoxx Senior Loan ETF (NASDAQ:SNLNGet Rating) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 2,700 shares, a decline of 73.5% from the April 30th total of 10,200 shares. Based on an average trading volume of 23,300 shares, the days-to-cover ratio is currently 0.1 days.

NASDAQ SNLN opened at $14.92 on Thursday. The company has a 50 day moving average price of $15.48 and a 200 day moving average price of $15.71. Highland/iBoxx Senior Loan ETF has a 52 week low of $14.92 and a 52 week high of $16.24.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be paid a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, May 13th. This is a positive change from Highland/iBoxx Senior Loan ETF’s previous monthly dividend of $0.03.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. OLD Mission Capital LLC acquired a new position in Highland/iBoxx Senior Loan ETF during the 3rd quarter valued at approximately $971,000. Morgan Stanley increased its stake in Highland/iBoxx Senior Loan ETF by 8.5% during the 2nd quarter. Morgan Stanley now owns 149,832 shares of the company’s stock valued at $2,418,000 after purchasing an additional 11,744 shares in the last quarter. Wells Fargo & Company MN increased its stake in Highland/iBoxx Senior Loan ETF by 7.7% during the 2nd quarter. Wells Fargo & Company MN now owns 29,092 shares of the company’s stock valued at $469,000 after purchasing an additional 2,089 shares in the last quarter. Truist Financial Corp increased its stake in Highland/iBoxx Senior Loan ETF by 43.1% during the 3rd quarter. Truist Financial Corp now owns 15,379 shares of the company’s stock valued at $246,000 after purchasing an additional 4,634 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Highland/iBoxx Senior Loan ETF by 7.9% during the 3rd quarter. LPL Financial LLC now owns 58,985 shares of the company’s stock valued at $944,000 after purchasing an additional 4,333 shares in the last quarter.

Further Reading

Receive News & Ratings for Highland/iBoxx Senior Loan ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highland/iBoxx Senior Loan ETF and related companies with MarketBeat.com's FREE daily email newsletter.