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 significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 4,053,467 shares, a growth of 296.4% from the August 31st total of 1,022,526 shares. Based on an average daily volume of 1,414,534 shares, the days-to-cover ratio is currently 2.9 days. Approximately 4.0% of the company’s shares are sold short.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at $26,943,000. Citadel Advisors LLC raised its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 2,914.4% in the 2nd 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. Envestnet Asset Management Inc. lifted its stake in 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 worth $83,279,000 after acquiring an additional 413,910 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.8% during the 1st quarter. Wealthfront Advisers LLC now owns 5,319,203 shares of the company’s stock worth $163,725,000 after acquiring an additional 384,144 shares in the last quarter. Finally, Valpey Financial Services LLC boosted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 3,198.5% during the 4th quarter. Valpey Financial Services LLC now owns 333,542 shares of the company’s stock valued at $10,854,000 after acquiring an additional 323,430 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

NYSEARCA:FLRN traded up $0.01 on Friday, hitting $30.82. The stock had a trading volume of 558,728 shares, compared to its average volume of 1,175,999. The company has a fifty day moving average price of $30.79 and a two-hundred day moving average price of $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1-year low of $30.63 and a 1-year high of $30.87.

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.