iShares Floating Rate Loan Active ETF (BATS:BRLN – Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,614 shares, a growth of 451.5% from the May 14th total of 474 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 7,666 shares, the days-to-cover ratio is presently 0.3 days.
iShares Floating Rate Loan Active ETF Price Performance
BRLN stock opened at $50.88 on Thursday. iShares Floating Rate Loan Active ETF has a twelve month low of $50.10 and a twelve month high of $52.59. The business has a 50 day simple moving average of $50.88 and a 200-day simple moving average of $51.13.
Institutional Investors Weigh In On iShares Floating Rate Loan Active ETF
Several hedge funds have recently modified their holdings of BRLN. Aventus Investment Advisors Inc. lifted its holdings in shares of iShares Floating Rate Loan Active ETF by 4.7% during the fourth quarter. Aventus Investment Advisors Inc. now owns 13,418 shares of the company’s stock worth $693,000 after purchasing an additional 606 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of iShares Floating Rate Loan Active ETF during the fourth quarter worth $139,000. Finally, Captrust Financial Advisors acquired a new stake in shares of iShares Floating Rate Loan Active ETF during the fourth quarter worth $1,185,000.
iShares Floating Rate Loan Active ETF Company Profile
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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