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Home News First Trust Senior Loan ETF (FSL) Wraps Up Monday with Gains

First Trust Senior Loan ETF (FSL) Wraps Up Monday with Gains

by Barbara

First Trust Senior Loan ETF (FSL) concluded the trading day with positive momentum as its shares closed at $17.07, slightly up from the opening price of $17.05. Throughout the day, the ETF experienced a trading range from a low of $17.05 to a high of $17.07, showcasing modest fluctuations.

This performance marks a 0.23 percent increase from the previous day’s closing value of $17.03.

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In broader market movements, major indices in North America displayed mixed results. The TSX Composite closed down by 0.30% at 22,308.93, while the S&P 500 edged up by 0.16% to 5,222.68. The Dow Jones Industrial Average also recorded gains, closing 0.32% higher at 39,512.84. Conversely, the Nasdaq Composite saw a slight dip of 0.03%, closing at 16,340.87.

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On the Toronto Stock Exchange (TSX), First Trust Senior Loan ETF traded under the ticker symbol FSL.

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During the latest trading session, a total of 10,900 shares exchanged hands, comprising 7 individual trades. On average, First Trust Senior Loan ETF has seen a trading volume of 2,878 shares over the past five days and 1,358 year-to-date.

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Market activity on the TSX revealed 2,672 advancing stocks against 2,511 declining ones, with 117 remaining unchanged.

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Over the preceding 52 weeks, FSL.TO has demonstrated a trading range of $16.68 (on May 31, 2023) to $17.13 (on March 19, 2024). Additionally, the ETF has witnessed a 1.07 percent increase over the past year, while experiencing a slight dip of -0.23% year-to-date.

Following today’s trading, First Trust Senior Loan ETF boasts a market capitalization of $0.00 with no shares outstanding. Its annual EPS remains undisclosed.

Headquartered in None, First Trust Senior Loan ETF is a company specializing in None.

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The investment strategy of the First Trust Senior Loan ETF (CAD-Hedged) aims to provide Unitholders with a high level of current income by primarily investing in a diversified portfolio of senior floating rate loans and debt securities, with capital appreciation as a secondary objective. The ETF focuses on a portfolio of senior floating rate loans typically rated at or below BB Plus by Standard & Poor’s, or Ba1 or lower by Moody’s Investor Services, Inc., or an equivalent rating by an approved credit rating organization.

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