SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Sees Large Increase in Short Interest

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,880,000 shares, agrowthof27.0% from the July 15th total of 1,480,000 shares. Approximately2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 759,700 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily trading volume, of 759,700 shares, the days-to-cover ratio is presently 2.5 days. Approximately2.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 15.7% in the 4th quarter. JPMorgan Chase & Co. now owns 95,268 shares of the company’s stock valued at $2,928,000 after buying an additional 12,963 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the 1st quarter valued at about $229,000. BNP Paribas Financial Markets increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 6,814.4% in the 4th quarter. BNP Paribas Financial Markets now owns 80,138 shares of the company’s stock valued at $2,463,000 after buying an additional 78,979 shares in the last quarter. Bank of New York Mellon Corp increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 2.3% in the 1st quarter. Bank of New York Mellon Corp now owns 18,827 shares of the company’s stock valued at $580,000 after buying an additional 430 shares in the last quarter. Finally, Curbstone Financial Management Corp increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 5.4% in the 1st quarter. Curbstone Financial Management Corp now owns 1,125,116 shares of the company’s stock valued at $34,676,000 after buying an additional 57,800 shares in the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Up 0.1%

Shares of FLRN opened at $30.84 on Friday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12 month low of $30.01 and a 12 month high of $30.88. The stock’s 50-day moving average price is $30.78 and its two-hundred day moving average price is $30.74.

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.