iShares Floating Rate Bond ETF (BATS:FLOT) Short Interest Up 75.2% in July

iShares Floating Rate Bond ETF (BATS:FLOT) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,593,098 shares, a growth of 75.2% from the June 30th total of 1,480,002 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 2,009,461 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the first quarter valued at approximately $25,000. Cornerstone Financial Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $30,000. Quarry LP acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter worth approximately $36,000. Tucker Asset Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter worth approximately $37,000. Finally, Bayban bought a new position in iShares Floating Rate Bond ETF in the 4th quarter worth approximately $37,000.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock opened at $51.01 on Thursday. The company has a 50-day simple moving average of $50.99 and a 200-day simple moving average of $50.94. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09.

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.