iShares Floating Rate Loan Active ETF (BATS:BRLN – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 9,956 shares, an increase of 4,853.2% from the July 30th total of 201 shares. Based on an average daily volume of 7,836 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.9% of the shares of the stock are sold short.
iShares Floating Rate Loan Active ETF Price Performance
Shares of BRLN traded up $0.05 during midday trading on Tuesday, reaching $50.82. The stock had a trading volume of 9,401 shares, compared to its average volume of 7,517. iShares Floating Rate Loan Active ETF has a 12-month low of $50.10 and a 12-month high of $52.39. The company’s 50-day moving average is $50.75 and its 200 day moving average is $50.82.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in BRLN. Farther Finance Advisors LLC bought a new stake in shares of iShares Floating Rate Loan Active ETF during the 4th quarter valued at about $139,000. Captrust Financial Advisors purchased a new position in shares of iShares Floating Rate Loan Active ETF in the 4th quarter valued at approximately $1,185,000. Finally, Aventus Investment Advisors Inc. raised its position in shares of iShares Floating Rate Loan Active ETF by 4.6% in the 1st quarter. Aventus Investment Advisors Inc. now owns 14,041 shares of the company’s stock worth $713,000 after purchasing an additional 623 shares during the last quarter.
iShares Floating Rate Loan Active ETF Company Profile
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.
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