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

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 1,022,526 shares, a growth of 225.8% from the August 15th total of 313,812 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 992,846 shares, the days-to-cover ratio is presently 1.0 days.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Up 0.0%

SPDR Bloomberg Investment Grade Floating Rate ETF stock traded up $0.01 during mid-day trading on Friday, reaching $30.77. The company’s stock had a trading volume of 1,067,039 shares, compared to its average volume of 1,110,944. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.63 and a 12-month high of $30.87. The firm’s fifty day moving average price is $30.79 and its two-hundred day moving average price is $30.78.

Hedge Funds Weigh In On SPDR Bloomberg Investment Grade Floating Rate ETF

Several hedge funds have recently made changes to their positions in FLRN. Wells Fargo & Company MN lifted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 62.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,444,617 shares of the company’s stock worth $75,123,000 after purchasing an additional 943,588 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter valued at about $26,943,000. Citadel Advisors LLC increased its position in shares of 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 buying an additional 531,146 shares during the period. Beacon Capital Management Inc. lifted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 141,609.6% in the fourth quarter. Beacon Capital Management Inc. now owns 396,787 shares of the company’s stock worth $12,193,000 after buying an additional 396,507 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 7.8% in the first quarter. Wealthfront Advisers LLC now owns 5,319,203 shares of the company’s stock worth $163,725,000 after buying an additional 384,144 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.