Short Interest in iShares Floating Rate Bond ETF (BATS:FLOT) Drops By 38.0%

iShares Floating Rate Bond ETF (BATS:FLOT) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,267,781 shares, a decline of 38.0% from the July 30th total of 3,658,553 shares. Based on an average daily volume of 2,099,607 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 42.4% during the second quarter. Ameritas Advisory Services LLC now owns 78,002 shares of the company’s stock worth $3,982,000 after acquiring an additional 23,241 shares during the period. Angeles Wealth Management LLC bought a new position in shares of iShares Floating Rate Bond ETF during the second quarter worth approximately $1,458,000. Rose Capital Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF during the second quarter worth approximately $220,000. Compass Financial Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $5,930,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in iShares Floating Rate Bond ETF by 10.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,584 shares of the company’s stock worth $132,000 after purchasing an additional 250 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $50.86 on Wednesday. The company’s 50-day moving average is $50.98 and its 200-day moving average is $50.95. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two 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.