SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sees Strong Trading Volume – Time to Buy?

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw unusually-high 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 Trading Up 0.0 %

The stock has a 50-day moving average of $41.87 and a 200 day moving average of $41.76.

Institutional Trading of SPDR Blackstone Senior Loan ETF

Several hedge funds have recently added to or reduced their stakes in SRLN. Continuum Advisory LLC raised its stake in SPDR Blackstone Senior Loan ETF by 269.9% in the 3rd quarter. Continuum Advisory LLC now owns 640 shares of the company’s stock valued at $27,000 after acquiring an additional 467 shares during the period. Global Trust Asset Management LLC purchased a new stake in shares of SPDR Blackstone Senior Loan ETF during the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC boosted its holdings in SPDR Blackstone Senior Loan ETF by 214.3% in the 3rd quarter. Avior Wealth Management LLC now owns 1,034 shares of the company’s stock worth $43,000 after buying an additional 705 shares during the period. Legacy Investment Solutions LLC purchased a new position in SPDR Blackstone Senior Loan ETF in the 3rd quarter valued at approximately $66,000. Finally, Matrix Trust Co bought a new stake in SPDR Blackstone Senior Loan ETF during the 3rd quarter valued at $68,000.

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.