Short Interest in Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN) Grows By 25.0%

Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,500 shares, a growth of 25.0% from the August 15th total of 1,200 shares. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is presently 0.2 days.

Institutional investors and hedge funds have recently modified their holdings of the business. Bogart Wealth LLC purchased a new stake in Highland/iBoxx Senior Loan ETF during the 2nd quarter valued at $34,000. PNC Managed Account Solutions Inc. purchased a new position in shares of Highland/iBoxx Senior Loan ETF in the 2nd quarter worth $35,000. Insight Advisors LLC PA purchased a new position in shares of Highland/iBoxx Senior Loan ETF in the 2nd quarter worth $176,000. Sowell Financial Services LLC purchased a new position in shares of Highland/iBoxx Senior Loan ETF in the 1st quarter worth $281,000. Finally, Financial Advocates Investment Management purchased a new position in shares of Highland/iBoxx Senior Loan ETF in the 2nd quarter worth $290,000.

Shares of NASDAQ:SNLN opened at $16.02 on Tuesday. Highland/iBoxx Senior Loan ETF has a 52-week low of $15.59 and a 52-week high of $16.26. The stock has a 50 day moving average price of $16.05 and a 200-day moving average price of $16.11.

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Thursday, September 16th will be paid a dividend of $0.049 per share. The ex-dividend date of this dividend is Wednesday, September 15th. This represents a $0.59 annualized dividend and a yield of 3.67%.

Further Reading: How to invest in blue-chip stocks

Receive News & Ratings for Highland/iBoxx Senior Loan ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highland/iBoxx Senior Loan ETF and related companies with MarketBeat.com's FREE daily email newsletter.