iShares Floating Rate Loan Active ETF (BATS:BRLN – Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 474 shares, a decrease of 91.5% from the April 30th total of 5,549 shares. Based on an average daily trading volume, of 5,578 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
iShares Floating Rate Loan Active ETF Trading Up 0.6%
BATS:BRLN opened at $51.23 on Friday. The company has a fifty day moving average of $50.84 and a 200 day moving average of $51.17. iShares Floating Rate Loan Active ETF has a 52 week low of $50.10 and a 52 week high of $52.59.
Institutional Investors Weigh In On iShares Floating Rate Loan Active ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in iShares Floating Rate Loan Active ETF during the 4th quarter valued at $1,185,000. Aventus Investment Advisors Inc. raised its holdings in iShares Floating Rate Loan Active ETF by 4.6% during the 1st quarter. Aventus Investment Advisors Inc. now owns 14,041 shares of the company’s stock valued at $713,000 after buying an additional 623 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in iShares Floating Rate Loan Active ETF during the 4th quarter valued at $139,000.
About iShares Floating Rate Loan Active ETF
The BlackRock Floating Rate Loan ETF (BRLN) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to provide current income and capital appreciation by actively investing in floating rate loans of any credit quality from around the globe. BRLN was launched on Oct 4, 2022 and is managed by BlackRock.
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