(FTSL) First Trust Senior Loan - Ratings and Ratios

The First Trust Senior Loan Fund (NASDAQ: FTSL) is an exchange-traded fund (ETF) that primarily invests in first lien senior floating rate bank loans, commonly referred to as Senior Loans. Under normal market conditions, the fund allocates at least 80% of its net assets, including investment borrowings, to these Senior Loans. The funds portfolio is predominantly focused on Senior Loans extended to businesses operating in North America, but it may also include exposure to Senior Loans issued to companies outside of North America. This strategy allows the fund to diversify its portfolio while maintaining a focus on the senior secured debt of various corporations. For more information, visit the funds website at http://www.ftportfolios.com/.

As of the latest data, the fund has an average trading volume of 392,863 shares over the past 20 days, with a last price of $45.59. Its short-term and medium-term moving averages (SMA 20 and SMA 50) are $45.11 and $45.31, respectively, while its long-term SMA 200 stands at $44.69. The Average True Range (ATR) of 0.26 indicates relatively low price volatility. The fund manages assets under management (AUM) of approximately $2.336 billion, showcasing its scale and liquidity in the market.

Over the next three months, based on and , FTSL is expected to maintain its stable performance. The funds SMA 20 and SMA 50 are slightly above its SMA 200, suggesting a potential sideways trend with limited upside. The low ATR of 0.26 indicates that price fluctuations will likely remain subdued. Given the current interest rate environment and the floating-rate nature of its holdings, the fund may experience modest returns, with its performance closely tied to broader credit market conditions. Its large AUM of $2.336 billion further underscores its liquidity and ability to navigate market movements effectively.