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

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 707,249 shares, an increase of 189.6% from the April 30th total of 244,202 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,059,357 shares, the short-interest ratio is currently 0.7 days.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

Shares of FLRN stock remained flat at $30.84 on Friday. The stock had a trading volume of 1,438,576 shares, compared to its average volume of 1,015,637. The stock’s fifty day moving average price is $30.76 and its 200 day moving average price is $30.77. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1-year low of $30.63 and a 1-year high of $30.86.

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

A number of hedge funds have recently made changes to their positions in the business. Koshinski Asset Management Inc. raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 2.9% in the 1st quarter. Koshinski Asset Management Inc. now owns 12,881 shares of the company’s stock valued at $396,000 after acquiring an additional 365 shares during the period. Chesley Taft & Associates LLC raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 1.0% in the 4th quarter. Chesley Taft & Associates LLC now owns 41,100 shares of the company’s stock valued at $1,263,000 after acquiring an additional 400 shares during the period. Portland Financial Advisors Inc raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 1.0% in the 4th quarter. Portland Financial Advisors Inc now owns 41,042 shares of the company’s stock valued at $1,261,000 after acquiring an additional 408 shares during the period. Corient Private Wealth LLC raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 2.3% in the 4th quarter. Corient Private Wealth LLC now owns 20,333 shares of the company’s stock valued at $625,000 after acquiring an additional 458 shares during the period. Finally, Cornerstone Advisors Asset Management LLC raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 3.8% in the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 13,367 shares of the company’s stock valued at $411,000 after acquiring an additional 487 shares during the period.

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.