State Street Blackstone Senior Loan ETF (SRLN)

State Street Blackstone Senior Loan ETF is trading at $40.48, down 0.78% on the session. The 50 day average sits at $40.40 and the 200 day at $40.62, which puts the stock in a downtrend. RSI is at 71.2, which reads as overbought, and MACD is bullish crossover. Volume is below average.

The nearest support is around $40.50 with resistance near $40.78, so that band frames the current range. Average daily movement is roughly $0.08, or about 0.2% of the share price, which is what any stop placement has to allow for. The overall health score of 72 out of 100 combines a trend score of 63, momentum of 67 and a risk score of 92.

In pursuing its investment objective, the fund seeks to outperform the Morningstar LSTA U.S. Leveraged Loan Index (the “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.