iShares Floating Rate Loan Active ETF (BATS:BRLN – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 997 shares, a decrease of 61.9% from the May 31st total of 2,614 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 5,966 shares, the short-interest ratio is currently 0.2 days.
iShares Floating Rate Loan Active ETF Trading Up 0.3%
Shares of BRLN opened at $50.94 on Friday. The stock has a fifty day moving average price of $50.94 and a two-hundred day moving average price of $51.09. 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
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aventus Investment Advisors Inc. lifted its position in shares of iShares Floating Rate Loan Active ETF by 4.6% during the first quarter. Aventus Investment Advisors Inc. now owns 14,041 shares of the company’s stock worth $713,000 after purchasing an additional 623 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of iShares Floating Rate Loan Active ETF in the fourth quarter valued at approximately $1,185,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of iShares Floating Rate Loan Active ETF in the fourth quarter valued at approximately $139,000.
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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