SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Short Interest Up 53.9% in August

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 313,812 shares, a growth of 53.9% from the July 30th total of 203,872 shares. Based on an average daily volume of 1,772,934 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

NYSEARCA FLRN remained flat at $30.75 during trading hours on Wednesday. The company’s stock had a trading volume of 25,214 shares, compared to its average volume of 1,120,199. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52 week low of $30.63 and a 52 week high of $30.87. The stock has a 50 day moving average price of $30.80 and a 200-day moving average price of $30.78.

Hedge Funds Weigh In On SPDR Bloomberg Investment Grade Floating Rate ETF

Large investors have recently added to or reduced their stakes in the company. WESCAP Management Group Inc. increased its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 17.3% in the 4th quarter. WESCAP Management Group Inc. now owns 724,551 shares of the company’s stock valued at $22,265,000 after acquiring an additional 106,858 shares during the period. Foundations Investment Advisors LLC raised its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 79.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 63,147 shares of the company’s stock valued at $1,941,000 after acquiring an additional 27,901 shares in the last quarter. WCG Wealth Advisors LLC purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 4th quarter valued at approximately $852,000. Atria Investments Inc increased its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 908.1% in the fourth quarter. Atria Investments Inc now owns 136,856 shares of the company’s stock valued at $4,206,000 after buying an additional 123,281 shares in the last quarter. Finally, Omnitrust Wealth Management Inc acquired a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 4th quarter worth about $875,000.

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.