SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sees Unusually-High Trading Volume – Here’s Why

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw an uptick in trading volume on Thursday . 11,204,875 shares changed hands during trading, an increase of 123% from the previous session’s volume of 5,028,657 shares.The stock last traded at $41.99 and had previously closed at $41.97.

SPDR Blackstone Senior Loan ETF Trading Down 0.1 %

The firm has a 50-day moving average of $41.87 and a two-hundred day moving average of $41.76.

Hedge Funds Weigh In On SPDR Blackstone Senior Loan ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of SPDR Blackstone Senior Loan ETF during the 3rd quarter worth $470,588,000. Ocean Park Asset Management LLC grew its position in SPDR Blackstone Senior Loan ETF by 2,785.0% in the 4th quarter. Ocean Park Asset Management LLC now owns 7,825,634 shares of the company’s stock worth $326,564,000 after purchasing an additional 7,554,382 shares during the last quarter. Arizona PSPRS Trust increased its stake in SPDR Blackstone Senior Loan ETF by 2.2% during the third quarter. Arizona PSPRS Trust now owns 7,536,079 shares of the company’s stock valued at $314,707,000 after acquiring an additional 164,185 shares during the period. LPL Financial LLC raised its stake in shares of SPDR Blackstone Senior Loan ETF by 2.6% in the third quarter. LPL Financial LLC now owns 2,628,773 shares of the company’s stock valued at $109,778,000 after purchasing an additional 67,542 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of SPDR Blackstone Senior Loan ETF by 3,930.2% in the 3rd quarter. International Assets Investment Management LLC now owns 2,409,530 shares of the company’s stock valued at $100,622,000 after buying an additional 2,349,743 shares in the last quarter.

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.