Short Interest in iShares Floating Rate Bond ETF (BATS:FLOT) Increases By 64.1%

iShares Floating Rate Bond ETF (BATS:FLOT) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,721,387 shares, a growth of 64.1% from the August 15th total of 2,267,781 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 1,647,501 shares, the short-interest ratio is currently 2.3 days.

Institutional Trading of iShares Floating Rate Bond ETF

Hedge funds have recently made changes to their positions in the stock. Van Hulzen Asset Management LLC increased its stake in shares of iShares Floating Rate Bond ETF by 22.8% in the second quarter. Van Hulzen Asset Management LLC now owns 5,474 shares of the company’s stock worth $279,000 after buying an additional 1,016 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in iShares Floating Rate Bond ETF by 8.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 60,717 shares of the company’s stock valued at $3,100,000 after acquiring an additional 4,515 shares during the last quarter. IFP Advisors Inc grew its holdings in iShares Floating Rate Bond ETF by 3.2% during the 2nd quarter. IFP Advisors Inc now owns 20,396 shares of the company’s stock worth $1,041,000 after acquiring an additional 623 shares in the last quarter. XY Planning Network Inc. grew its holdings in iShares Floating Rate Bond ETF by 30.4% during the 2nd quarter. XY Planning Network Inc. now owns 63,859 shares of the company’s stock worth $3,260,000 after acquiring an additional 14,879 shares in the last quarter. Finally, Waverly Advisors LLC increased its position in shares of iShares Floating Rate Bond ETF by 18.7% in the 2nd quarter. Waverly Advisors LLC now owns 10,862 shares of the company’s stock worth $555,000 after purchasing an additional 1,714 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $50.96 on Thursday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09. The business has a 50 day moving average price of $50.97 and a two-hundred day moving average price of $50.94.

iShares Floating Rate Bond ETF Company Profile

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.