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

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

Hedge Funds Weigh In On iShares Floating Rate Bond ETF

Institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC increased its position in iShares Floating Rate Bond ETF by 14.7% in the first quarter. Western Wealth Management LLC now owns 24,027 shares of the company’s stock worth $1,224,000 after buying an additional 3,087 shares in the last quarter. S&A Financial Services Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at about $261,000. Pine Valley Investments Ltd Liability Co purchased a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at about $1,943,000. Blue Fin Capital Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 7.3% during the 1st quarter. Blue Fin Capital Inc. now owns 39,315 shares of the company’s stock valued at $2,003,000 after acquiring an additional 2,687 shares during the period. Finally, WNY Asset Management LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at approximately $11,258,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF 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 company’s fifty day simple moving average is $50.97 and its 200-day simple moving average is $50.93.

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.