SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Stock Short Interest Jumps 615.2%

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,773,088 shares, an increase of 615.2% from the September 30th total of 387,714 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 1,490,022 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On SPDR Bloomberg Investment Grade Floating Rate ETF

Institutional investors have recently modified their holdings of the business. Toth Financial Advisory Corp bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the third quarter worth about $25,000. Evolution Wealth Management Inc. bought a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the first quarter valued at approximately $50,000. Integrated Wealth Concepts LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter worth approximately $54,000. Coastline Trust Co acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 3rd quarter worth approximately $61,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 3rd quarter worth approximately $71,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Up 0.0%

FLRN stock traded up $0.01 during trading on Wednesday, hitting $30.83. 574,818 shares of the company’s stock traded hands, compared to its average volume of 1,184,048. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52 week low of $30.63 and a 52 week high of $30.87. The stock has a fifty day moving average price of $30.79 and a two-hundred day moving average price of $30.78.

SPDR Bloomberg Investment Grade Floating Rate ETF Company Profile

(Get Free Report)

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.

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