SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Shares Shorted: Short Interest Up 615.2% in October

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,773,088 shares, a growth of 615.2% from the September 30th total of 387,714 shares. Based on an average trading volume of 1,490,022 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.7% of the company’s shares are sold short.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.0%

Shares of FLRN traded up $0.01 during trading hours on Tuesday, reaching $30.82. 813,512 shares of the company traded hands, compared to its average volume of 1,183,869. The company’s fifty day moving average price is $30.79 and its two-hundred day moving average price is $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12 month low of $30.63 and a 12 month high of $30.87.

Institutional Investors Weigh In On SPDR Bloomberg Investment Grade Floating Rate ETF

A number of institutional investors have recently made changes to their positions in FLRN. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 3rd quarter worth $120,000. Penobscot Investment Management Company Inc. bought a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 3rd quarter valued at $19,644,000. Park Avenue Securities LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF during the third quarter valued at $201,000. Flagship Harbor Advisors LLC grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 38.9% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 78,820 shares of the company’s stock valued at $2,431,000 after purchasing an additional 22,090 shares during the period. Finally, Sigma Planning Corp purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the third quarter worth approximately $723,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Company Profile

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.