Blue Owl (NYSE:OWL) trades near year low after new credit fund filing
Blue Owl Capital Inc. shares tumbled Tuesday, dragging the alternative asset manager close to its 52-week lows. A new filing from one of the company’s big managed credit funds hit as investors sifted through updated portfolio numbers in the middle of the market slump. Blue Owl was recently at $8.91, off 3.4% on the day, swinging from $8.81 to $9.26. About 39 million shares changed hands, much higher than the 23.25 million average, according to Google Finance. The stock is sitting around 12% above its year low of $7.95 but sits about 58% under the $21.08 52-week high.