SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Short Interest Update

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 1,095,767 shares, a drop of 51.4% from the January 29th total of 2,253,404 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 949,881 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 949,881 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.2% of the shares of the company are short sold.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of FLRN remained flat at $30.84 during mid-day trading on Friday. The stock had a trading volume of 1,005,918 shares, compared to its average volume of 936,529. The firm’s 50 day simple moving average is $30.78 and its 200-day simple moving average is $30.79. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52 week low of $30.01 and a 52 week high of $30.87.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, February 2nd.

Institutional Trading of SPDR Bloomberg Investment Grade Floating Rate ETF

Several institutional investors have recently modified their holdings of FLRN. Chesley Taft & Associates LLC lifted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 1.0% in the 4th quarter. Chesley Taft & Associates LLC now owns 41,100 shares of the company’s stock valued at $1,263,000 after acquiring an additional 400 shares during the last quarter. Portland Financial Advisors Inc grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 1.0% in the 4th quarter. Portland Financial Advisors Inc now owns 41,042 shares of the company’s stock worth $1,261,000 after acquiring an additional 408 shares during the last quarter. Miracle Mile Advisors LLC raised its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 5.2% during the third quarter. Miracle Mile Advisors LLC now owns 8,794 shares of the company’s stock worth $271,000 after purchasing an additional 432 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 2.3% during the fourth quarter. Corient Private Wealth LLC now owns 20,333 shares of the company’s stock valued at $625,000 after purchasing an additional 458 shares during the last quarter. Finally, Cornerstone Advisors Asset Management LLC lifted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 3.8% during the fourth quarter. Cornerstone Advisors Asset Management LLC now owns 13,367 shares of the company’s stock valued at $411,000 after purchasing an additional 487 shares during 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.