Short Interest in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Increases By 72.2%

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. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 1,199,303 shares, the days-to-cover ratio is currently 0.9 days.

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

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

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Down 0.1%

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

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The business also recently disclosed 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) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, March 2nd.

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.