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

iShares Floating Rate Bond ETF (BATS:FLOT) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,593,098 shares, an increase of 75.2% from the June 30th total of 1,480,002 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 2,009,461 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FLOT. Evolution Wealth Management Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the first quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter worth approximately $30,000. Quarry LP acquired a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $36,000. Tucker Asset Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $37,000. Finally, Bayban purchased a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at $37,000.

iShares Floating Rate Bond ETF Trading Up 0.1%

FLOT opened at $51.07 on Friday. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09. The business’s 50-day simple moving average is $50.99 and its 200-day simple moving average is $50.94.

About iShares Floating Rate Bond ETF

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.