SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Stock Short Interest Climbs 296.4%

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,053,467 shares, an increase of 296.4% from the August 31st total of 1,022,526 shares. Based on an average daily volume of 1,414,534 shares, the days-to-cover ratio is presently 2.9 days. Approximately 4.0% of the company’s stock are sold short.

Institutional Trading of SPDR Bloomberg Investment Grade Floating Rate ETF

A number of large investors have recently modified their holdings of the stock. Coppell Advisory Solutions LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at $26,943,000. Citadel Advisors LLC increased its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 2,914.4% during the 2nd quarter. Citadel Advisors LLC now owns 549,371 shares of the company’s stock worth $16,948,000 after purchasing an additional 531,146 shares during the period. Envestnet Asset Management Inc. increased its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 18.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,699,472 shares of the company’s stock worth $83,279,000 after purchasing an additional 413,910 shares during the period. Wealthfront Advisers LLC raised its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.8% in the 1st quarter. Wealthfront Advisers LLC now owns 5,319,203 shares of the company’s stock valued at $163,725,000 after purchasing an additional 384,144 shares in the last quarter. Finally, Valpey Financial Services LLC boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 3,198.5% in the 4th quarter. Valpey Financial Services LLC now owns 333,542 shares of the company’s stock valued at $10,854,000 after buying an additional 323,430 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

FLRN traded up $0.01 during trading hours on Friday, hitting $30.82. 558,728 shares of the company’s stock were exchanged, compared to its average volume of 1,175,999. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.63 and a 12-month high of $30.87. The firm has a 50 day moving average of $30.79 and a 200 day moving average of $30.78.

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.