SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Short Interest Up 189.6% in May

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

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

NYSEARCA:FLRN remained flat at $30.84 during midday trading on Friday. 1,438,576 shares of the company were exchanged, compared to its average volume of 1,015,637. The business has a 50 day moving average of $30.76 and a two-hundred day moving average of $30.77. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52 week low of $30.63 and a 52 week high of $30.86.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Stratos Investment Management LLC raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 5.2% in the 4th quarter. Stratos Investment Management LLC now owns 920,342 shares of the company’s stock worth $28,282,000 after purchasing an additional 45,548 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 810,578 shares of the company’s stock worth $24,909,000 after purchasing an additional 75,296 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 4th quarter worth $539,000. MFA Wealth Advisors LLC raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 6.5% in the 4th quarter. MFA Wealth Advisors LLC now owns 732,753 shares of the company’s stock worth $22,518,000 after purchasing an additional 44,722 shares in the last quarter. Finally, Curbstone Financial Management Corp raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 4.6% in the 4th quarter. Curbstone Financial Management Corp now owns 1,257,076 shares of the company’s stock worth $38,630,000 after purchasing an additional 55,100 shares in the last quarter.

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.