SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Short Interest Down 93.3% in July

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 200,994 shares, a decline of 93.3% from the June 30th total of 2,989,361 shares. Based on an average daily trading volume, of 1,278,713 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.1%

Shares of FLRN stock traded up $0.02 on Friday, reaching $30.82. 1,171,199 shares of the stock were exchanged, compared to its average volume of 1,081,175. The firm has a 50 day moving average of $30.80 and a two-hundred day moving average of $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1-year low of $30.63 and a 1-year high of $30.87.

Institutional Investors Weigh In On SPDR Bloomberg Investment Grade Floating Rate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLRN. Fiduciary Financial Group LLC lifted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 5.0% in the 2nd quarter. Fiduciary Financial Group LLC now owns 330,908 shares of the company’s stock valued at $10,209,000 after purchasing an additional 15,702 shares in the last quarter. Fulcrum Equity Management acquired a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter worth approximately $920,000. World Equity Group Inc. acquired a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter worth approximately $1,334,000. Aletheian Wealth Advisors LLC increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 1.8% during the 2nd quarter. Aletheian Wealth Advisors LLC now owns 77,013 shares of the company’s stock worth $2,376,000 after purchasing an additional 1,333 shares in the last quarter. Finally, Tactive Advisors LLC raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 37.9% in the second quarter. Tactive Advisors LLC now owns 15,567 shares of the company’s stock valued at $480,000 after buying an additional 4,280 shares during the period.

About SPDR Bloomberg Investment Grade Floating Rate ETF

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.