iShares Floating Rate Loan Active ETF (BATS:BRLN) Short Interest Down 56.0% in August

iShares Floating Rate Loan Active ETF (BATS:BRLN) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 4,383 shares, a drop of 56.0% from the August 15th total of 9,956 shares. Based on an average daily volume of 6,479 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares Floating Rate Loan Active ETF

A hedge fund recently bought a new stake in iShares Floating Rate Loan Active ETF stock. Captrust Financial Advisors bought a new stake in shares of iShares Floating Rate Loan Active ETF (BATS:BRLN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,955 shares of the company’s stock, valued at approximately $1,185,000. Captrust Financial Advisors owned 2.00% of iShares Floating Rate Loan Active ETF at the end of the most recent reporting period.

iShares Floating Rate Loan Active ETF Price Performance

Shares of BATS BRLN opened at $50.78 on Monday. The business’s 50 day moving average is $50.74 and its two-hundred day moving average is $50.80. iShares Floating Rate Loan Active ETF has a 52-week low of $50.10 and a 52-week high of $52.29.

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.