Short Interest in iShares Floating Rate Bond ETF (BATS:FLOT) Expands By 64.1%

iShares Floating Rate Bond ETF (BATS:FLOT) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 3,721,387 shares, a growth of 64.1% from the August 15th total of 2,267,781 shares. Based on an average daily trading volume, of 1,647,501 shares, the short-interest ratio is presently 2.3 days. Approximately 2.1% of the shares of the stock are sold short.

Institutional Trading of iShares Floating Rate Bond ETF

Large investors have recently modified their holdings of the business. Glenview Trust Co raised its position in shares of iShares Floating Rate Bond ETF by 7.4% during the 1st quarter. Glenview Trust Co now owns 3,130,128 shares of the company’s stock worth $159,480,000 after purchasing an additional 216,519 shares during the last quarter. Franklin Resources Inc. lifted its holdings in iShares Floating Rate Bond ETF by 2.2% in the 4th quarter. Franklin Resources Inc. now owns 3,046,357 shares of the company’s stock valued at $154,938,000 after purchasing an additional 66,182 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in iShares Floating Rate Bond ETF by 12.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock valued at $103,401,000 after purchasing an additional 230,814 shares in the last quarter. Assetmark Inc. lifted its holdings in iShares Floating Rate Bond ETF by 2.4% in the 1st quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock valued at $100,141,000 after purchasing an additional 46,823 shares in the last quarter. Finally, Flputnam Investment Management Co. boosted its stake in shares of iShares Floating Rate Bond ETF by 6.9% during the 4th quarter. Flputnam Investment Management Co. now owns 1,726,768 shares of the company’s stock worth $87,823,000 after purchasing an additional 111,966 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $51.00 on Friday. The company’s 50-day moving average price is $50.97 and its 200 day moving average price is $50.94. iShares Floating Rate Bond ETF has a 52 week low of $50.67 and a 52 week high of $51.09.

About iShares Floating Rate Bond ETF

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of USD-denominated, investment-grade floating rate notes with maturities of 0-5 years. FLOT was launched on Jun 14, 2011 and is managed by BlackRock.