SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Short Interest Down 93.3% in July

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 200,994 shares, a drop of 93.3% from the June 30th total of 2,989,361 shares. Based on an average daily volume of 1,278,713 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.1%

Shares of SPDR Bloomberg Investment Grade Floating Rate ETF stock traded up $0.02 on Friday, reaching $30.82. 1,171,199 shares of the stock were exchanged, compared to its average volume of 1,081,175. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1-year low of $30.63 and a 1-year high of $30.87. The business has a fifty day moving average price of $30.80 and a two-hundred day moving average price of $30.78.

Institutional Trading of SPDR Bloomberg Investment Grade Floating Rate ETF

A number of institutional investors have recently modified their holdings of FLRN. Wealthfront Advisers LLC raised its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.8% in the first quarter. Wealthfront Advisers LLC now owns 5,319,203 shares of the company’s stock worth $163,725,000 after acquiring an additional 384,144 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 62.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,444,617 shares of the company’s stock worth $75,123,000 after purchasing an additional 943,588 shares in the last quarter. Royal Bank of Canada grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 12.0% during the 4th quarter. Royal Bank of Canada now owns 2,143,297 shares of the company’s stock worth $65,863,000 after purchasing an additional 229,985 shares during the period. Morgan Stanley grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 7.1% during the 4th quarter. Morgan Stanley now owns 2,102,442 shares of the company’s stock worth $64,608,000 after purchasing an additional 138,501 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 10.4% during the 2nd quarter. Bank of America Corp DE now owns 1,935,009 shares of the company’s stock worth $59,656,000 after purchasing an additional 182,087 shares during the period.

About SPDR Bloomberg Investment Grade Floating Rate ETF

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.