iShares Floating Rate Loan Active ETF (BATS:BRLN) Short Interest Down 91.5% in May

iShares Floating Rate Loan Active ETF (BATS:BRLN) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 474 shares, a decrease of 91.5% from the April 30th total of 5,549 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,578 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BRLN. Aventus Investment Advisors Inc. boosted its holdings in shares of iShares Floating Rate Loan Active ETF by 4.7% in the 4th quarter. Aventus Investment Advisors Inc. now owns 13,418 shares of the company’s stock valued at $693,000 after purchasing an additional 606 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of iShares Floating Rate Loan Active ETF during the 4th quarter worth $139,000. Finally, Captrust Financial Advisors bought a new stake in shares of iShares Floating Rate Loan Active ETF during the 4th quarter worth $1,185,000.

iShares Floating Rate Loan Active ETF Price Performance

BRLN stock traded down $0.02 during mid-day trading on Wednesday, hitting $50.93. The stock had a trading volume of 3,311 shares, compared to its average volume of 7,867. The firm has a fifty day simple moving average of $50.83 and a 200 day simple moving average of $51.18. iShares Floating Rate Loan Active ETF has a 52 week low of $50.10 and a 52 week high of $52.59.

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.