iShares Floating Rate Loan Active ETF (BATS:BRLN – Get Free Report) dropped 1.9% during trading on Monday . The company traded as low as $52.35 and last traded at $51.4850. Approximately 4,412 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 9,457 shares. The stock had previously closed at $52.4750.
iShares Floating Rate Loan Active ETF Price Performance
The stock’s 50-day simple moving average is $51.87 and its 200 day simple moving average is $51.81.
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.
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