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

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 83,055 shares, a decrease of 46.3% from the May 31st total of 154,711 shares. Based on an average daily trading volume, of 934,119 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On SPDR Bloomberg Investment Grade Floating Rate ETF

Several large investors have recently bought and sold shares of the stock. Stratos Investment Management LLC boosted its position in shares of 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 valued at $28,282,000 after purchasing an additional 45,548 shares during the period. Farther Finance Advisors LLC increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 810,578 shares of the company’s stock worth $24,909,000 after buying an additional 75,296 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the fourth quarter worth approximately $539,000. Curbstone Financial Management Corp lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 4.6% in the fourth quarter. Curbstone Financial Management Corp now owns 1,257,076 shares of the company’s stock valued at $38,630,000 after buying an additional 55,100 shares during the last quarter. Finally, MFA Wealth Advisors LLC boosted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 6.5% in the fourth quarter. MFA Wealth Advisors LLC now owns 732,753 shares of the company’s stock valued at $22,518,000 after acquiring an additional 44,722 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Down 0.3%

Shares of NYSEARCA FLRN traded down $0.09 during mid-day trading on Wednesday, reaching $30.76. The company had a trading volume of 1,012,677 shares, compared to its average volume of 1,059,971. The firm has a 50 day simple moving average of $30.80 and a two-hundred day simple 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 $30.87.

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.