SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Sees Large Decrease in Short Interest

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 83,055 shares, a decrease of 46.3% from the May 31st total of 154,711 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 934,119 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLRN. JPMorgan Chase & Co. increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 31.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 227,384 shares of the company’s stock valued at $7,010,000 after acquiring an additional 54,222 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter valued at approximately $240,000. Raymond James Financial Inc. boosted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 11.4% during the 2nd quarter. Raymond James Financial Inc. now owns 633,387 shares of the company’s stock worth $19,527,000 after acquiring an additional 64,982 shares during the last quarter. Vista Investment Management boosted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 14.7% during the 2nd quarter. Vista Investment Management now owns 14,425 shares of the company’s stock worth $445,000 after acquiring an additional 1,849 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter valued at approximately $10,679,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

NYSEARCA:FLRN opened at $30.86 on Tuesday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.63 and a 12-month high of $30.87. The stock’s fifty day simple moving average is $30.79 and its 200-day simple moving average is $30.77.

About SPDR Bloomberg Investment Grade Floating Rate ETF

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.