iShares Floating Rate Bond ETF (BATS:FLOT) Short Interest Update

iShares Floating Rate Bond ETF (BATS:FLOT) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 2,267,781 shares, a drop of 38.0% from the July 30th total of 3,658,553 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 2,099,607 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On iShares Floating Rate Bond ETF

Several large investors have recently modified their holdings of FLOT. Ameritas Advisory Services LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 42.4% during the second quarter. Ameritas Advisory Services LLC now owns 78,002 shares of the company’s stock valued at $3,982,000 after acquiring an additional 23,241 shares during the period. Angeles Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 2nd quarter worth about $1,458,000. Rose Capital Advisors LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth about $220,000. Compass Financial Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth about $5,930,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in iShares Floating Rate Bond ETF by 10.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,584 shares of the company’s stock valued at $132,000 after purchasing an additional 250 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.0%

Shares of iShares Floating Rate Bond ETF stock opened at $51.05 on Tuesday. The firm’s 50-day simple moving average is $50.99 and its 200-day simple moving average is $50.95. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.09.

iShares Floating Rate Bond ETF Company Profile

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of USD-denominated, investment-grade floating rate notes with maturities of 0-5 years. FLOT was launched on Jun 14, 2011 and is managed by BlackRock.