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 increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,773,088 shares, an increase of 615.2% from the September 30th total of 387,714 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average trading volume of 1,490,022 shares, the days-to-cover ratio is currently 1.9 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of FLRN. Elevation Capital Advisory LLC bought a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the third quarter valued at $7,503,000. Vise Technologies Inc. raised its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 77.3% in the third quarter. Vise Technologies Inc. now owns 24,511 shares of the company’s stock worth $756,000 after acquiring an additional 10,683 shares during the period. Modera Wealth Management LLC purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 3rd quarter valued at $544,000. International Assets Investment Management LLC lifted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 721.7% during the 3rd quarter. International Assets Investment Management LLC now owns 135,000 shares of the company’s stock valued at $4,163,000 after buying an additional 118,570 shares in the last quarter. Finally, Partners Wealth Management LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the third quarter valued at about $1,383,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

NYSEARCA FLRN traded up $0.01 during trading on Thursday, reaching $30.84. The company’s stock had a trading volume of 95,012 shares, compared to its average volume of 1,178,683. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12 month low of $30.63 and a 12 month high of $30.87. The firm has a 50 day moving average price of $30.79 and a 200 day moving average price of $30.78.

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.