SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sees Unusually-High Trading Volume – Still a Buy?

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw unusually-strong trading volume on Thursday . Approximately 11,204,875 shares were traded during mid-day 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 Stock Performance

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new position in shares of SPDR Blackstone Senior Loan ETF in the 3rd quarter worth about $4,073,000. Private Advisor Group LLC boosted its position in SPDR Blackstone Senior Loan ETF by 13.8% during the 3rd quarter. Private Advisor Group LLC now owns 77,037 shares of the company’s stock worth $3,217,000 after acquiring an additional 9,358 shares during the period. Avaii Wealth Management LLC bought a new position in SPDR Blackstone Senior Loan ETF in the 4th quarter valued at about $286,000. Millennium Management LLC raised its holdings in SPDR Blackstone Senior Loan ETF by 101.0% during the second quarter. Millennium Management LLC now owns 195,649 shares of the company’s stock worth $8,178,000 after purchasing an additional 98,324 shares in the last quarter. Finally, Financial Counselors Inc. raised its stake in shares of SPDR Blackstone Senior Loan ETF by 24.4% in the 3rd quarter. Financial Counselors Inc. now owns 10,192 shares of the company’s stock worth $426,000 after buying an additional 2,000 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.