SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Short Interest Update

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 19,131,903 shares, a drop of 22.6% from the February 26th total of 24,727,903 shares. Based on an average daily volume of 8,801,879 shares, the days-to-cover ratio is currently 2.2 days. Approximately 12.2% of the company’s shares are sold short.

SPDR Blackstone Senior Loan ETF Trading Down 0.5%

Shares of NYSEARCA:SRLN opened at $39.90 on Friday. SPDR Blackstone Senior Loan ETF has a 52 week low of $39.08 and a 52 week high of $41.67. The firm’s fifty day moving average is $40.47 and its 200-day moving average is $41.04.

SPDR Blackstone Senior Loan ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.2277 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.8%.

Hedge Funds Weigh In On SPDR Blackstone Senior Loan ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of SPDR Blackstone Senior Loan ETF by 565.8% during the second quarter. JPMorgan Chase & Co. now owns 105,261 shares of the company’s stock valued at $4,378,000 after purchasing an additional 89,451 shares during the period. Advisors Asset Management Inc. boosted its position in shares of SPDR Blackstone Senior Loan ETF by 53.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 11,441 shares of the company’s stock worth $476,000 after purchasing an additional 3,980 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of SPDR Blackstone Senior Loan ETF by 12.5% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 21,385 shares of the company’s stock valued at $889,000 after buying an additional 2,377 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of SPDR Blackstone Senior Loan ETF during the second quarter valued at approximately $2,080,000. Finally, Elevation Point Wealth Partners LLC lifted its holdings in shares of SPDR Blackstone Senior Loan ETF by 2.5% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 10,537 shares of the company’s stock worth $438,000 after purchasing an additional 255 shares in the last quarter.

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.