SPDR Blackstone Senior Loan ETF Sees Significant Inflow Amid Trading Changes
Strong Surge in Outstanding Units Signals Growing Interest
Looking at recent changes in outstanding shares among ETFs tracked by ETF Channel, the SPDR Blackstone Senior Loan ETF (Symbol: SRLN) stands out with an inflow of approximately $240.7 million. This represents a 4.0% increase from the previous week, rising from 144,850,000 to 150,600,000 units.
Analyzing the chart above, SRLN’s 52-week performance reveals a low point of $40.71 per share and a high of $42.13. The latest trade was recorded at $41.84. Furthermore, comparing this price to the 200-day moving average can provide useful insights for technical analysis.
Exchange-traded funds (ETFs) function similarly to stocks, but they deal in “units” rather than “shares.” These units can be traded like stocks and can also be created or destroyed based on investor demand. Each week, we track changes in outstanding shares to identify ETFs with significant inflows (indicating the creation of new units) or outflows (indicating the destruction of units). Notably, the creation of new units requires purchasing the ETF’s underlying assets, whereas the destruction involves selling these assets. Thus, large flow changes can influence the individual components of the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Top Ten Hedge Funds Holding GLST
ECON Dividend History
Funds Holding QDEC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
