Significant Outflow Detected in SPDR Blackstone Senior Loan ETF
Looking at the week-over-week changes in shares outstanding among ETFs covered by ETF Channel, a notable event occurred with the SPDR Blackstone Senior Loan ETF (Symbol: SRLN). The fund experienced an outflow of approximately $189.7 million, representing a 2.4% decrease from the previous week. This drop reduced the number of shares outstanding from 194,150,000 to 189,550,000.
Examining the data from the chart above, SRLN’s lowest point in its 52-week range was $40.71 per share, while its highest reached $42.13. The last recorded trade for SRLN was $41.23. For investors, comparing the current share price to the 200-day moving average can be a valuable technical analysis approach. To delve deeper into the significance of the 200-day moving average, read more here.
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Exchange-traded funds (ETFs) function similarly to stocks but involve the buying and selling of “units” rather than shares. These units can be traded like stocks and can also be created or destroyed based on investor demand. We closely monitor week-over-week changes in shares outstanding to identify ETFs that experience significant inflows—indicating the creation of many new units—or outflows, reflecting a reduction of units. The creation of new units necessitates purchasing the underlying holdings of the ETF, while the destruction of units usually leads to selling those holdings. Consequently, large flows can impact individual components held within these ETFs.
Click here to discover which 9 other ETFs saw significant outflows »
Additionally, you may want to:
- Explore Institutional Holders of SCYX
- Review CCS shares outstanding history
- Check Institutional Holders of ASM
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
