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

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 83,055 shares, a decrease of 46.3% from the May 31st total of 154,711 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 934,119 shares, the days-to-cover ratio is currently 0.1 days.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of FLRN stock remained flat at $30.76 during trading on Thursday. The company had a trading volume of 987,259 shares, compared to its average volume of 1,059,424. The stock has a 50 day moving average price of $30.80 and a 200 day moving average price of $30.77. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1-year low of $30.63 and a 1-year high of $30.87.

Institutional Trading of SPDR Bloomberg Investment Grade Floating Rate ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Stratos Investment Management LLC boosted its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 5.2% in the fourth quarter. Stratos Investment Management LLC now owns 920,342 shares of the company’s stock valued at $28,282,000 after acquiring an additional 45,548 shares during the period. Legacy Capital Wealth Partners LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the fourth quarter worth $539,000. Farther Finance Advisors LLC increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 810,578 shares of the company’s stock worth $24,909,000 after acquiring an additional 75,296 shares during the period. MFA Wealth Advisors LLC raised its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 6.5% during the 4th quarter. MFA Wealth Advisors LLC now owns 732,753 shares of the company’s stock valued at $22,518,000 after purchasing an additional 44,722 shares during the last quarter. Finally, Curbstone Financial Management Corp raised its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 4.6% during the 4th quarter. Curbstone Financial Management Corp now owns 1,257,076 shares of the company’s stock valued at $38,630,000 after purchasing an additional 55,100 shares during the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Company Profile

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.