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 significant drop in short interest in May. As of May 29th, there was short interest totaling 154,711 shares, a drop of 78.1% from the May 14th total of 707,249 shares. Based on an average daily volume of 801,947 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Koshinski Asset Management Inc. lifted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 2.9% in the 1st quarter. Koshinski Asset Management Inc. now owns 12,881 shares of the company’s stock valued at $396,000 after acquiring an additional 365 shares during the last quarter. Chesley Taft & Associates LLC raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 1.0% during the 4th quarter. Chesley Taft & Associates LLC now owns 41,100 shares of the company’s stock valued at $1,263,000 after buying an additional 400 shares during the period. Portland Financial Advisors Inc raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 1.0% during the 4th quarter. Portland Financial Advisors Inc now owns 41,042 shares of the company’s stock valued at $1,261,000 after buying an additional 408 shares during the period. Corient Private Wealth LLC raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 2.3% during the 4th quarter. Corient Private Wealth LLC now owns 20,333 shares of the company’s stock valued at $625,000 after buying an additional 458 shares during the period. Finally, Cornerstone Advisors Asset Management LLC raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 3.8% during the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 13,367 shares of the company’s stock valued at $411,000 after buying an additional 487 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of NYSEARCA:FLRN remained flat at $30.79 during trading on Friday. 744,214 shares of the company were exchanged, compared to its average volume of 1,011,081. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.63 and a 1 year high of $30.86. The company’s 50 day moving average price is $30.77 and its 200 day moving average price is $30.77.

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.