SPDR Blackstone Senior Loan ETF Sees Strong Inflows, Adding $446.9 Million

SRLN Units Increase by 6.5% in a Week

In the latest data from ETF Channel, the SPDR Blackstone Senior Loan ETF (Symbol: SRLN) has experienced an impressive inflow of approximately $446.9 million. This surge represents a week-over-week increase of 6.5% in the number of outstanding units, climbing from 162,900,000 to 173,550,000.

The chart below illustrates the one-year price performance of SRLN in relation to its 200-day moving average:

Examining the chart, SRLN’s share price has fluctuated between a low of $40.71 and a high of $42.13 over the past year. The most recent closing price stands at $41.91, suggesting a close relation to its historical performance and the 200-day moving average, a commonly used tool for technical analysis.

Exchange-traded funds (ETFs) function similarly to stocks, with investors trading “units” rather than shares. These units can be created or destroyed in response to investor demand. By monitoring the week-over-week changes in the number of units outstanding, we can gain insight into which ETFs are experiencing significant inflows or outflows. The creation of new units requires the ETF to purchase additional underlying assets, while the reduction in units necessitates selling off those assets, affecting the individual holdings within the ETFs.

Click here to find out which 9 other ETFs had notable inflows »

Also see:

• TMB Historical Stock Prices
• VTSI Average Annual Return
• ETFs Holding BBVA

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.