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

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 387,714 shares, a decrease of 90.4% from the September 15th total of 4,053,467 shares. Based on an average trading volume of 1,655,450 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Toth Financial Advisory Corp acquired a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF during the third quarter worth $25,000. SHP Wealth Management acquired a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 4th quarter worth $34,000. Evolution Wealth Management Inc. acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the first quarter valued at about $50,000. Integrated Wealth Concepts LLC bought a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at approximately $54,000. Finally, Coastline Trust Co acquired a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the third quarter valued at approximately $61,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

NYSEARCA:FLRN remained flat at $30.77 on Friday. 1,289,331 shares of the company’s stock were exchanged, compared to its average volume of 1,192,804. The stock’s 50-day moving average price is $30.78 and its 200-day moving average price is $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a one year low of $30.63 and a one year 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.