SRLN Stock Summary and Trading Ideas (SPDR Blackstone Senior Loan ETF | ARCA:SRLN)

The SPDR Blackstone Senior Loan ETF (the Fund ) seeks to provide current income consistent with the preservation of capital. In pursuing its investment objective, the Fund seeks to outperform the Markit iBoxx USD Liquid Leveraged Loan Index (the Primary Index ) and the S&P/LSTA U.S. Leveraged Loan 100 Index (the Secondary Index ) by normally investing at least 80% of its net assets (plus any borrowings for investment purposes) in Senior Loans. For purposes of this 80% test, Senior Loans are first lien senior secured floating rate bank loans.

SPDR Blackstone Senior Loan ETF trades on the ARCA stock market under the symbol SRLN.

As of April 23, 2024, SRLN stock price climbed to $41.94 with 1,323,716 million shares trading.

SRLN has a beta of 0.12, meaning it tends to be less sensitive to market movements. SRLN has a correlation of 0.39 to the broad based SPY ETF.

SRLN has a market cap of $5.50 billion. This is considered a Mid Cap stock.

In the last 3 years, SRLN stock traded as high as $46.34 and as low as $40.42.

SRLN has underperformed the market in the last year with a return of +10.1%, while the SPY ETF gained +24.2%. In the last 3 month period, SRLN fell short of the market, returning +2.1%, while SPY returned +4.8%. However, in the most recent 2 weeks SRLN has outperformed the stock market by returning +0.2%, while SPY returned -2.6%.

SRLN support price is $41.80 and resistance is $41.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SRLN stock will trade within this expected range on the day.