SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Short Interest Update

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) was the target of a large 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. Based on an average daily trading volume, of 992,846 shares, the short-interest ratio is presently 1.0 days. Currently, 1.0% of the company’s shares are sold short.

Institutional Trading of SPDR Bloomberg Investment Grade Floating Rate ETF

Several institutional investors have recently modified their holdings of the business. SHP Wealth Management bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the 4th quarter worth $34,000. Evolution Wealth Management Inc. bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 1st quarter valued at about $50,000. Greykasell Wealth Strategies Inc. grew its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 69.1% in the 4th quarter. Greykasell Wealth Strategies Inc. now owns 1,664 shares of the company’s stock valued at $51,000 after buying an additional 680 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at about $54,000. Finally, Advisory Services Network LLC purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 3rd quarter worth approximately $77,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.0%

FLRN traded up $0.01 during trading on Friday, reaching $30.77. 1,067,039 shares of the company’s stock were exchanged, compared to its average volume of 1,110,944. SPDR Bloomberg Investment Grade Floating Rate ETF has a one year low of $30.63 and a one year high of $30.87. The firm has a fifty day moving average price of $30.79 and a two-hundred day moving average price of $30.78.

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.