SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Short Interest Down 46.3% in June

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 83,055 shares, a decline of 46.3% from the May 31st total of 154,711 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 934,119 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 474.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,306,086 shares of the company’s stock worth $40,306,000 after buying an additional 1,078,702 shares during the period. Wells Fargo & Company MN lifted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 62.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,444,617 shares of the company’s stock valued at $75,123,000 after buying an additional 943,588 shares during the period. Wealthfront Advisers LLC lifted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 20.8% in the fourth quarter. Wealthfront Advisers LLC now owns 4,935,059 shares of the company’s stock valued at $151,654,000 after buying an additional 848,337 shares during the period. Beacon Capital Management Inc. lifted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 141,609.6% in the fourth quarter. Beacon Capital Management Inc. now owns 396,787 shares of the company’s stock valued at $12,193,000 after buying an additional 396,507 shares during the period. Finally, Jane Street Group LLC bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at approximately $10,679,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Up 0.1%

Shares of FLRN opened at $30.86 on Tuesday. The stock’s fifty day simple moving average is $30.79 and its 200-day simple moving average is $30.77. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.63 and a 12-month high of $30.87.

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.