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

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,050,346 shares, a growth of 72.2% from the February 26th total of 609,919 shares. Based on an average trading volume of 1,199,303 shares, the short-interest ratio is presently 0.9 days. Currently, 1.2% of the company’s shares are short sold.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

FLRN traded down $0.04 during trading hours on Friday, reaching $30.72. 1,165,922 shares of the company’s stock traded hands, compared to its average volume of 972,127. The firm has a 50-day moving average price of $30.78 and a 200 day moving average price of $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52-week low of $30.01 and a 52-week high of $30.86.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.0994 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC lifted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 431.9% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,000 shares of the company’s stock valued at $31,000 after buying an additional 812 shares in the last quarter. SHP Wealth Management bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 4th quarter worth about $34,000. Quest 10 Wealth Builders Inc. increased its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 11,141.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 1,349 shares of the company’s stock worth $41,000 after acquiring an additional 1,337 shares during the period. Caitlin John LLC purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the third quarter worth approximately $45,000. Finally, Greykasell Wealth Strategies Inc. raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 69.1% during the fourth quarter. Greykasell Wealth Strategies Inc. now owns 1,664 shares of the company’s stock valued at $51,000 after acquiring an additional 680 shares in the last quarter.

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.