Short Interest in iShares Floating Rate Loan Active ETF (BATS:BRLN) Decreases By 91.5%

iShares Floating Rate Loan Active ETF (BATS:BRLN) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 474 shares, a drop of 91.5% from the April 30th total of 5,549 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 5,578 shares, the days-to-cover ratio is presently 0.1 days.

iShares Floating Rate Loan Active ETF Price Performance

BRLN opened at $50.93 on Thursday. The business has a fifty day simple moving average of $50.83 and a 200-day simple moving average of $51.17. iShares Floating Rate Loan Active ETF has a fifty-two week low of $50.10 and a fifty-two week high of $52.59.

Institutional Trading of iShares Floating Rate Loan Active ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new stake in shares of iShares Floating Rate Loan Active ETF in the fourth quarter worth $139,000. Aventus Investment Advisors Inc. raised its holdings in iShares Floating Rate Loan Active ETF by 4.7% during the fourth quarter. Aventus Investment Advisors Inc. now owns 13,418 shares of the company’s stock valued at $693,000 after buying an additional 606 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in iShares Floating Rate Loan Active ETF during the fourth quarter valued at about $1,185,000.

About iShares Floating Rate Loan Active ETF

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.