iShares Floating Rate Bond ETF (BATS:FLOT) Short Interest Update

iShares Floating Rate Bond ETF (BATS:FLOT) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,224,167 shares, a decrease of 40.4% from the May 31st total of 3,731,099 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,986,371 shares, the days-to-cover ratio is presently 1.1 days.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $51.05 on Wednesday. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.09. The stock’s fifty day moving average price is $50.97 and its 200-day moving average price is $50.93.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FLOT. The Manufacturers Life Insurance Company bought a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at about $47,775,000. Financial Sense Advisors Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 772.5% in the 3rd quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock worth $36,141,000 after purchasing an additional 626,378 shares during the period. RMG Wealth Management LLC bought a new position in shares of iShares Floating Rate Bond ETF in the 1st quarter worth approximately $30,601,000. Focus Partners Wealth boosted its holdings in shares of iShares Floating Rate Bond ETF by 5,292.9% in the fourth quarter. Focus Partners Wealth now owns 598,555 shares of the company’s stock worth $30,443,000 after buying an additional 587,456 shares during the last quarter. Finally, New England Private Wealth Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 1,456.2% in the fourth quarter. New England Private Wealth Advisors LLC now owns 510,009 shares of the company’s stock worth $25,952,000 after buying an additional 477,237 shares during the last quarter.

iShares Floating Rate Bond ETF Company Profile

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of USD-denominated, investment-grade floating rate notes with maturities of 0-5 years. FLOT was launched on Jun 14, 2011 and is managed by BlackRock.