SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Short Interest Up 189.6% in May

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 707,249 shares, an increase of 189.6% from the April 30th total of 244,202 shares. Based on an average daily trading volume, of 1,059,357 shares, the short-interest ratio is presently 0.7 days. Approximately 0.8% of the shares of the stock are short sold.

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

A number of hedge funds have recently made changes to their positions in FLRN. Cornerstone Planning Group LLC lifted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 431.9% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,000 shares of the company’s stock worth $31,000 after acquiring an additional 812 shares during the last quarter. SHP Wealth Management bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 4th quarter worth approximately $34,000. Quest 10 Wealth Builders Inc. lifted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 11,141.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 1,349 shares of the company’s stock worth $41,000 after acquiring an additional 1,337 shares during the last quarter. Caitlin John LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 3rd quarter worth approximately $45,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 1st quarter worth approximately $50,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of FLRN remained flat at $30.84 during mid-day trading on Friday. 1,438,576 shares of the stock were exchanged, compared to its average volume of 1,015,637. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.63 and a 1 year high of $30.86. The stock’s 50 day moving average price is $30.76 and its two-hundred day moving average price is $30.77.

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.