SPDR Blackstone Senior Loan ETF Sees $233.3 Million Inflow
In a recent analysis of week-over-week changes in shares outstanding among ETFs, the SPDR Blackstone Senior Loan ETF (Symbol: SRLN) emerged as a notable performer. The fund experienced an inflow of approximately $233.3 million, marking a 3.6% increase in outstanding units—from 158,750,000 to 164,400,000 units.
Price Performance Overview
The chart below illustrates SRLN’s one-year price performance alongside its 200-day moving average:
SRLN’s 52-week low stands at $39.0801 per share, while its high reached $42.09. Currently, the last traded price is $41.27. Comparing the recent share price to the 200-day moving average provides a valuable technical analysis tool for investors.
Understanding Fund Dynamics
Exchange-traded funds (ETFs) operate similarly to stocks, with investors buying and selling “units” instead of shares. These units can be traded like stocks but may also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding data to identify ETFs with significant inflows (indicating new unit creation) or outflows (suggesting unit destruction). The creation of new units necessitates the purchase of underlying holdings, while the destruction of units requires selling those holdings. Consequently, large flow changes can impact the individual components held within ETFs.
For further exploration, click here to find out which other ETFs are experiencing notable inflows.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
