The SPDR Blackstone Senior Loan ETF (SRLN) experienced a significant outflow of approximately $127.2 million, representing a 2.1% decrease in shares outstanding, dropping from 146 million to 142.95 million units. This data was reported this week.
Currently, SRLN has a 52-week trading range with a low of $40.71 and a high of $42.13, with the last trade recorded at $41.71. The ETF’s performance is often analyzed in relation to its 200-day moving average, which can guide investors regarding price trends.
Exchange-traded funds (ETFs) operate like stocks but are comprised of “units” that can be created or destroyed based on investor demand. Notable inflows or outflows can impact the underlying holdings within these funds.
