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 recipient of a large increase in short interest in the month of 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 volume of 1,059,357 shares, the short-interest ratio is presently 0.7 days. Approximately 0.8% of the company’s shares are sold short.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

Shares of FLRN opened at $30.84 on Monday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1-year low of $30.63 and a 1-year high of $30.86. The firm’s 50-day moving average price is $30.76 and its 200-day moving average price is $30.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its position 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 in the last quarter. SHP Wealth Management bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the fourth quarter valued at approximately $34,000. Quest 10 Wealth Builders Inc. grew its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 11,141.7% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 1,349 shares of the company’s stock worth $41,000 after purchasing an additional 1,337 shares during the period. Caitlin John LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the third quarter worth $45,000. Finally, Evolution Wealth Management Inc. bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the first quarter worth $50,000.

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.