SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN – Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 4,053,467 shares, a growth of 296.4% from the August 31st total of 1,022,526 shares. Currently, 4.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,414,534 shares, the days-to-cover ratio is currently 2.9 days.
SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance
FLRN traded up $0.01 during mid-day trading on Friday, hitting $30.83. 946,949 shares of the stock were exchanged, compared to its average volume of 1,178,179. The firm’s fifty day moving average is $30.79 and its two-hundred day moving average is $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1-year low of $30.63 and a 1-year high of $30.87.
Hedge Funds Weigh In On SPDR Bloomberg Investment Grade Floating Rate ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLRN. SHP Wealth Management purchased a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the fourth quarter worth $34,000. Evolution Wealth Management Inc. acquired a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the 1st quarter worth $50,000. Greykasell Wealth Strategies Inc. grew its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 69.1% during the 4th quarter. Greykasell Wealth Strategies Inc. now owns 1,664 shares of the company’s stock worth $51,000 after purchasing an additional 680 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter worth $54,000. Finally, Webster Bank N. A. increased its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 100.1% during the 1st quarter. Webster Bank N. A. now owns 3,250 shares of the company’s stock worth $100,000 after purchasing an additional 1,626 shares during the period.
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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