Short Interest in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Rises By 33.7%

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 24,727,903 shares, a growth of 33.7% from the February 12th total of 18,497,294 shares. Currently, 15.8% of the company’s shares are short sold. Based on an average daily trading volume, of 6,801,484 shares, the short-interest ratio is presently 3.6 days. Based on an average daily trading volume, of 6,801,484 shares, the short-interest ratio is presently 3.6 days. Currently, 15.8% of the company’s shares are short sold.

Institutional Investors Weigh In On SPDR Blackstone Senior Loan ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of 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 valued at $552,438,000 after buying an additional 1,686,876 shares during the period. Morgan Stanley raised its position 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 buying an additional 706,376 shares during the period. Arizona PSPRS Trust raised its position in shares of SPDR Blackstone Senior Loan ETF by 2.5% during the 4th quarter. Arizona PSPRS Trust now owns 8,357,347 shares of the company’s stock valued at $344,908,000 after buying an additional 207,611 shares during the period. Goldman Sachs Group Inc. lifted its holdings in SPDR Blackstone Senior Loan ETF by 2.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,215,749 shares of the company’s stock valued at $256,524,000 after acquiring an additional 144,542 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in SPDR Blackstone Senior Loan ETF by 4.2% in the fourth quarter. LPL Financial LLC now owns 3,837,057 shares of the company’s stock valued at $158,355,000 after acquiring an additional 154,173 shares during the last quarter.

SPDR Blackstone Senior Loan ETF Stock Performance

Shares of NYSEARCA:SRLN opened at $40.00 on Tuesday. SPDR Blackstone Senior Loan ETF has a 52-week low of $39.08 and a 52-week high of $41.67. The business has a fifty day moving average of $40.70 and a two-hundred day moving average of $41.12.

SPDR Blackstone Senior Loan ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.2277 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.8%.

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.