iShares Floating Rate Loan Active ETF (BATS:BRLN) Short Interest Update

iShares Floating Rate Loan Active ETF (BATS:BRLN) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 997 shares, a decrease of 61.9% from the May 31st total of 2,614 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 5,966 shares, the short-interest ratio is currently 0.2 days.

iShares Floating Rate Loan Active ETF Stock Performance

Shares of BRLN opened at $50.76 on Tuesday. iShares Floating Rate Loan Active ETF has a 1 year low of $50.10 and a 1 year high of $52.59. The business has a 50-day moving average of $50.94 and a 200-day moving average of $51.08.

Institutional Trading of iShares Floating Rate Loan Active ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRLN. Farther Finance Advisors LLC bought a new position in iShares Floating Rate Loan Active ETF during the 4th quarter worth approximately $139,000. Aventus Investment Advisors Inc. lifted its position in shares of iShares Floating Rate Loan Active ETF by 4.7% in the 4th quarter. Aventus Investment Advisors Inc. now owns 13,418 shares of the company’s stock worth $693,000 after purchasing an additional 606 shares during the period. Finally, Captrust Financial Advisors bought a new stake in shares of iShares Floating Rate Loan Active ETF in the 4th quarter valued at $1,185,000.

About iShares Floating Rate Loan Active ETF

The BlackRock Floating Rate Loan ETF (BRLN) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to provide current income and capital appreciation by actively investing in floating rate loans of any credit quality from around the globe. BRLN was launched on Oct 4, 2022 and is managed by BlackRock.