SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Short Interest Update

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 313,812 shares, an increase of 53.9% from the July 30th total of 203,872 shares. Based on an average daily volume of 1,772,934 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR Bloomberg Investment Grade Floating Rate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 431.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,000 shares of the company’s stock valued at $31,000 after purchasing an additional 812 shares during the last quarter. SHP Wealth Management bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 4th quarter worth approximately $34,000. Evolution Wealth Management Inc. acquired a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the 1st quarter worth $50,000. Greykasell Wealth Strategies Inc. lifted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 69.1% during the 4th quarter. Greykasell Wealth Strategies Inc. now owns 1,664 shares of the company’s stock worth $51,000 after buying an additional 680 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 3rd quarter valued at $77,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

SPDR Bloomberg Investment Grade Floating Rate ETF stock traded down $0.11 on Tuesday, reaching $30.75. The company’s stock had a trading volume of 55,239 shares, compared to its average volume of 1,120,054. The business’s fifty day moving average price is $30.80 and its 200 day moving average price is $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a twelve month low of $30.63 and a twelve month high of $30.87.

SPDR Bloomberg Investment Grade Floating Rate ETF Company Profile

The SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade floating rate notes. Securities must have between 1 month and 5 years until maturity. FLRN was launched on Nov 30, 2011 and is managed by State Street.