Short Interest in iShares Floating Rate Bond ETF (BATS:FLOT) Decreases By 40.4%

iShares Floating Rate Bond ETF (BATS:FLOT) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,224,167 shares, a decline of 40.4% from the May 31st total of 3,731,099 shares. Based on an average trading volume of 1,986,371 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.3% of the company’s stock are sold short.

iShares Floating Rate Bond ETF Trading Down 0.3%

BATS:FLOT opened at $50.91 on Thursday. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09. The business’s 50-day simple moving average is $50.97 and its 200 day simple moving average is $50.93.

Hedge Funds Weigh In On iShares Floating Rate Bond ETF

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at approximately $47,775,000. Financial Sense Advisors Inc. raised its holdings in iShares Floating Rate Bond ETF by 772.5% in the third quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock valued at $36,141,000 after acquiring an additional 626,378 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF in the first quarter valued at $30,601,000. Focus Partners Wealth boosted its stake in iShares Floating Rate Bond ETF by 5,292.9% during the 4th quarter. Focus Partners Wealth now owns 598,555 shares of the company’s stock valued at $30,443,000 after acquiring an additional 587,456 shares during the last quarter. Finally, New England Private Wealth Advisors LLC boosted its stake in iShares Floating Rate Bond ETF by 1,456.2% during the 4th quarter. New England Private Wealth Advisors LLC now owns 510,009 shares of the company’s stock valued at $25,952,000 after acquiring an additional 477,237 shares during the last quarter.

iShares Floating Rate Bond ETF Company Profile

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of USD-denominated, investment-grade floating rate notes with maturities of 0-5 years. FLOT was launched on Jun 14, 2011 and is managed by BlackRock.