SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Shares Shorted: Short Interest Up 615.2% in October

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,773,088 shares, an increase of 615.2% from the September 30th total of 387,714 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,490,022 shares, the days-to-cover ratio is currently 1.9 days.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.0%

Shares of FLRN stock traded up $0.01 on Tuesday, hitting $30.82. The company had a trading volume of 813,512 shares, compared to its average volume of 1,183,869. SPDR Bloomberg Investment Grade Floating Rate ETF has a twelve month low of $30.63 and a twelve month high of $30.87. The stock’s 50-day moving average is $30.79 and its two-hundred day moving average is $30.78.

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

Several institutional investors have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC purchased a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter worth about $26,943,000. Penobscot Investment Management Company Inc. bought a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the 3rd quarter worth approximately $19,644,000. Citadel Advisors LLC grew its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 2,914.4% during the second quarter. Citadel Advisors LLC now owns 549,371 shares of the company’s stock valued at $16,948,000 after acquiring an additional 531,146 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 18.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,699,472 shares of the company’s stock valued at $83,279,000 after purchasing an additional 413,910 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.8% during the first quarter. Wealthfront Advisers LLC now owns 5,319,203 shares of the company’s stock valued at $163,725,000 after buying an additional 384,144 shares during the period.

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.