SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 200,994 shares, a drop of 93.3% from the June 30th total of 2,989,361 shares. Based on an average daily volume of 1,278,713 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.
Institutional Investors Weigh In On SPDR Bloomberg Investment Grade Floating Rate ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in FLRN. JPMorgan Chase & Co. raised its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 31.3% during the second quarter. JPMorgan Chase & Co. now owns 227,384 shares of the company’s stock worth $7,010,000 after acquiring an additional 54,222 shares during the period. M&T Bank Corp acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at about $240,000. Raymond James Financial Inc. grew its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 11.4% in the second quarter. Raymond James Financial Inc. now owns 633,387 shares of the company’s stock valued at $19,527,000 after purchasing an additional 64,982 shares during the period. Vista Investment Management increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 14.7% during the second quarter. Vista Investment Management now owns 14,425 shares of the company’s stock worth $445,000 after purchasing an additional 1,849 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter worth about $10,679,000.
SPDR Bloomberg Investment Grade Floating Rate ETF Stock Up 0.1%
Shares of SPDR Bloomberg Investment Grade Floating Rate ETF stock traded up $0.02 on Friday, reaching $30.82. The company’s stock had a trading volume of 1,171,199 shares, compared to its average volume of 1,081,175. The stock has a 50-day moving average price of $30.80 and a 200-day moving average price of $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52-week low of $30.63 and a 52-week high of $30.87.
SPDR Bloomberg Investment Grade Floating Rate ETF Company Profile
The SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade floating rate notes. Securities must have between 1 month and 5 years until maturity. FLRN was launched on Nov 30, 2011 and is managed by State Street.
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