Short Interest in iShares Floating Rate Loan Active ETF (BATS:BRLN) Grows By 451.5%

iShares Floating Rate Loan Active ETF (BATS:BRLN) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,614 shares, an increase of 451.5% from the May 14th total of 474 shares. Based on an average trading volume of 7,666 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

iShares Floating Rate Loan Active ETF Stock Performance

Shares of BATS BRLN opened at $50.84 on Wednesday. iShares Floating Rate Loan Active ETF has a 1 year low of $50.10 and a 1 year high of $52.59. The firm’s 50 day moving average price is $50.87 and its 200 day moving average price is $51.14.

Institutional Trading of iShares Floating Rate Loan Active ETF

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in iShares Floating Rate Loan Active ETF during the fourth quarter worth approximately $139,000. Aventus Investment Advisors Inc. raised its stake in iShares Floating Rate Loan Active ETF by 4.7% during the fourth quarter. Aventus Investment Advisors Inc. now owns 13,418 shares of the company’s stock worth $693,000 after purchasing an additional 606 shares during the period. Finally, Captrust Financial Advisors purchased a new position in iShares Floating Rate Loan Active ETF during the fourth quarter worth approximately $1,185,000.

About iShares Floating Rate Loan Active ETF

The BlackRock Floating Rate Loan ETF (BRLN) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to provide current income and capital appreciation by actively investing in floating rate loans of any credit quality from around the globe. BRLN was launched on Oct 4, 2022 and is managed by BlackRock.