Short Interest in iShares Floating Rate Loan Active ETF (BATS:BRLN) Decreases By 56.0%

iShares Floating Rate Loan Active ETF (BATS:BRLN) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 4,383 shares, a decline of 56.0% from the August 15th total of 9,956 shares. Based on an average daily trading volume, of 6,479 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the company’s stock are sold short.

iShares Floating Rate Loan Active ETF Stock Performance

BRLN stock opened at $50.78 on Tuesday. The company’s 50 day moving average price is $50.74 and its 200 day moving average price is $50.80. iShares Floating Rate Loan Active ETF has a fifty-two week low of $50.10 and a fifty-two week high of $52.29.

Institutional Investors Weigh In On iShares Floating Rate Loan Active ETF

A hedge fund recently raised its position in iShares Floating Rate Loan Active ETF stock. Aventus Investment Advisors Inc. lifted its position in shares of iShares Floating Rate Loan Active ETF (BATS:BRLN) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,041 shares of the company’s stock after purchasing an additional 623 shares during the period. iShares Floating Rate Loan Active ETF comprises approximately 0.6% of Aventus Investment Advisors Inc.’s portfolio, making the stock its 26th largest position. Aventus Investment Advisors Inc. owned approximately 1.22% of iShares Floating Rate Loan Active ETF worth $713,000 at the end of the most recent quarter.

iShares Floating Rate Loan Active ETF Company Profile

The BlackRock Floating Rate Loan ETF (BRLN) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to provide current income and capital appreciation by actively investing in floating rate loans of any credit quality from around the globe. BRLN was launched on Oct 4, 2022 and is managed by BlackRock.