iShares Floating Rate Loan Active ETF (BATS:BRLN) Short Interest Down 61.9% in June

iShares Floating Rate Loan Active ETF (BATS:BRLN) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 997 shares, a drop of 61.9% from the May 31st total of 2,614 shares. Based on an average daily volume of 5,966 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Floating Rate Loan Active ETF

Several institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors bought a new stake in shares of iShares Floating Rate Loan Active ETF in the 4th quarter valued at about $1,185,000. Farther Finance Advisors LLC acquired a new stake in shares of iShares Floating Rate Loan Active ETF in the 4th quarter valued at approximately $139,000. Finally, Aventus Investment Advisors Inc. boosted its stake in iShares Floating Rate Loan Active ETF by 4.6% during the 1st quarter. Aventus Investment Advisors Inc. now owns 14,041 shares of the company’s stock worth $713,000 after acquiring an additional 623 shares during the last quarter.

iShares Floating Rate Loan Active ETF Stock Up 0.3%

Shares of iShares Floating Rate Loan Active ETF stock opened at $50.94 on Friday. The business has a fifty day simple moving average of $50.94 and a 200 day simple moving average of $51.09. iShares Floating Rate Loan Active ETF has a 12 month low of $50.10 and a 12 month high of $52.59.

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.