SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,022,526 shares, an increase of 225.8% from the August 15th total of 313,812 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 992,846 shares, the days-to-cover ratio is currently 1.0 days.
SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.1%
NYSEARCA:FLRN traded up $0.03 during trading hours on Monday, reaching $30.80. 2,150,835 shares of the company were exchanged, compared to its average volume of 1,115,851. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1-year low of $30.63 and a 1-year high of $30.87. The business has a 50 day moving average of $30.79 and a 200 day moving average of $30.78.
Institutional Trading of SPDR Bloomberg Investment Grade Floating Rate ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 31.3% in the second quarter. JPMorgan Chase & Co. now owns 227,384 shares of the company’s stock valued at $7,010,000 after acquiring an additional 54,222 shares during the last quarter. M&T Bank Corp bought a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter valued at $240,000. Raymond James Financial Inc. increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 11.4% in the 2nd 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 last quarter. Vista Investment Management raised its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 14.7% during the 2nd quarter. Vista Investment Management now owns 14,425 shares of the company’s stock worth $445,000 after buying an additional 1,849 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter worth $10,679,000.
About SPDR Bloomberg Investment Grade Floating Rate ETF
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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