SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Sees Large Decrease in Short Interest

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 2,253,404 shares, a decrease of 14.5% from the January 15th total of 2,635,298 shares. Based on an average daily volume of 1,110,639 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.5% of the company’s shares are sold short. Approximately 2.5% of the company’s shares are sold short. Based on an average daily volume of 1,110,639 shares, the days-to-cover ratio is currently 2.0 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FLRN. Synergy Asset Management LLC raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 200.0% in the third quarter. Synergy Asset Management LLC now owns 30,000 shares of the company’s stock worth $925,000 after purchasing an additional 20,000 shares during the last quarter. Carr Financial Group Corp increased its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 112.3% in the 3rd quarter. Carr Financial Group Corp now owns 69,864 shares of the company’s stock worth $2,156,000 after buying an additional 36,952 shares during the period. Curbstone Financial Management Corp raised its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.5% during the 3rd quarter. Curbstone Financial Management Corp now owns 1,201,976 shares of the company’s stock worth $37,093,000 after buying an additional 83,830 shares during the last quarter. Penobscot Investment Management Company Inc. raised its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.8% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 509,483 shares of the company’s stock worth $15,723,000 after buying an additional 36,813 shares during the last quarter. Finally, New England Capital Financial Advisors LLC lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.7% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 110,589 shares of the company’s stock valued at $3,409,000 after acquiring an additional 7,902 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.0%

Shares of FLRN opened at $30.82 on Thursday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1-year low of $30.01 and a 1-year high of $30.87. The company has a 50-day moving average of $30.77 and a 200 day moving average of $30.78.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, February 2nd.

About SPDR Bloomberg Investment Grade Floating Rate ETF

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.