Short Interest in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Decreases By 14.5%

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 2,253,404 shares, a decrease of 14.5% from the January 15th total of 2,635,298 shares. Based on an average daily trading volume, of 1,110,639 shares, the short-interest ratio is currently 2.0 days. Currently, 2.5% of the company’s stock are short sold. Currently, 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 1,110,639 shares, the short-interest ratio is currently 2.0 days.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

FLRN traded up $0.02 on Tuesday, hitting $30.81. 325,053 shares of the company were exchanged, compared to its average volume of 955,128. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12 month low of $30.01 and a 12 month high of $30.87. The stock’s fifty day moving average is $30.77 and its 200-day moving average is $30.78.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, February 2nd.

Institutional Trading of SPDR Bloomberg Investment Grade Floating Rate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLRN. Cornerstone Planning Group LLC increased its stake in shares of 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 worth $31,000 after purchasing an additional 812 shares during the last quarter. Quest 10 Wealth Builders Inc. grew its holdings in 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 purchasing an additional 1,337 shares during the period. Caitlin John LLC bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the third quarter worth about $45,000. Greykasell Wealth Strategies Inc. increased its position in 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 worth $51,000 after buying an additional 680 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the third quarter valued at approximately $60,000.

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.