iShares Floating Rate Bond ETF (BATS:FLOT – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,593,098 shares, an increase of 75.2% from the June 30th total of 1,480,002 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 2,009,461 shares, the days-to-cover ratio is currently 1.3 days.
iShares Floating Rate Bond ETF Stock Performance
Shares of BATS FLOT opened at $51.01 on Thursday. The stock’s 50 day moving average price is $50.99 and its two-hundred day moving average price is $50.94. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.09.
Institutional Trading of iShares Floating Rate Bond ETF
Several institutional investors have recently added to or reduced their stakes in the business. L.K. Benson & Company P.C. lifted its position in shares of iShares Floating Rate Bond ETF by 1.3% in the 4th quarter. L.K. Benson & Company P.C. now owns 16,185 shares of the company’s stock worth $823,000 after buying an additional 204 shares during the last quarter. Donor Advised Charitable Giving Inc. lifted its holdings in iShares Floating Rate Bond ETF by 1.6% in the fourth quarter. Donor Advised Charitable Giving Inc. now owns 14,388 shares of the company’s stock worth $732,000 after acquiring an additional 226 shares during the last quarter. Glen Eagle Advisors LLC boosted its stake in iShares Floating Rate Bond ETF by 6.6% in the fourth quarter. Glen Eagle Advisors LLC now owns 3,852 shares of the company’s stock valued at $196,000 after acquiring an additional 237 shares during the period. North Star Investment Management Corp. grew its holdings in shares of iShares Floating Rate Bond ETF by 18.6% during the fourth quarter. North Star Investment Management Corp. now owns 1,731 shares of the company’s stock valued at $88,000 after purchasing an additional 271 shares during the last quarter. Finally, Ascent Group LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 5.0% during the fourth quarter. Ascent Group LLC now owns 5,660 shares of the company’s stock valued at $288,000 after purchasing an additional 272 shares during the last quarter.
About iShares Floating Rate Bond ETF
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.
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