iShares Floating Rate Loan Active ETF (BATS:BRLN) Sees Large Growth in Short Interest

iShares Floating Rate Loan Active ETF (BATS:BRLNGet Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 9,956 shares, a growth of 4,853.2% from the July 30th total of 201 shares. Based on an average daily volume of 7,836 shares, the short-interest ratio is currently 1.3 days. Currently, 0.9% of the shares of the stock are short sold.

iShares Floating Rate Loan Active ETF Stock Performance

iShares Floating Rate Loan Active ETF stock traded up $0.05 during mid-day trading on Tuesday, hitting $50.82. The company’s stock had a trading volume of 9,401 shares, compared to its average volume of 7,517. iShares Floating Rate Loan Active ETF has a one year low of $50.10 and a one year high of $52.39. The company has a 50 day moving average of $50.75 and a 200-day moving average of $50.82.

Institutional Trading of iShares Floating Rate Loan Active ETF

Several institutional investors have recently bought and sold shares of BRLN. Captrust Financial Advisors purchased a new stake in iShares Floating Rate Loan Active ETF in the 4th quarter valued at $1,185,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares Floating Rate Loan Active ETF in the fourth quarter valued at about $139,000. Finally, Aventus Investment Advisors Inc. boosted its position in iShares Floating Rate Loan Active ETF by 4.6% during the first quarter. Aventus Investment Advisors Inc. now owns 14,041 shares of the company’s stock worth $713,000 after purchasing an additional 623 shares in the last quarter.

iShares Floating Rate Loan Active ETF Company Profile

(Get Free Report)

The BlackRock Floating Rate Loan ETF (BRLN) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to provide current income and capital appreciation by actively investing in floating rate loans of any credit quality from around the globe. BRLN was launched on Oct 4, 2022 and is managed by BlackRock.

Further Reading

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