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State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN)

Ultrashort Bond | Exchange Traded Fund | NYSEArca
30.78 USD +0.01 (0.033%) ⇧ (Oct. 12, 2026, 10:20 a.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | Oct. 10, 2026, 10:15 a.m. EDT

This is a defensive cash parking vehicle, not a growth engine. The 4.32% yield is attractive in a high-rate environment, but the price action tells a different story: the fund is trading essentially flat, barely moving off its 52-week lows and hovering right around its 50-day average. There is no momentum here to generate alpha; it is purely a yield play. The options data confirms a nervous undercurrent, with significant put buying at lower strikes for later dates, which suggests investors are worried about a broader credit event or a rate cut cycle that might compress spreads. For a short-term trader, there is no edge; the statistical forecast is nearly flat, and the lack of directional catalysts keeps the short-term rating neutral. Long-term, this is a solid hold for capital preservation and income, but don't expect the stock to run. It is a boring, stable bond proxy that will likely just pay its dividend and drift.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.000955
AutoARIMA0.001074
AutoETS0.001085
MSTL0.001129

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 86%
H-stat 2.53
Ljung-Box p 0.000
Jarque-Bera p 0.367
Excess Kurtosis -1.01

As of Oct. 10, 2026, 10:15 a.m. EDT: Speculator positioning is mixed and fragmented. Near-term expirations show negligible call interest but distinct put volume at strikes above the current price (32 and 33), suggesting a hedge against a potential dip rather than a bearish bet. However, longer-dated February and May 2027 data reveals a massive buildup of out-of-the-money put open interest (over 1,800 contracts at the 29 strike) compared to minimal call activity. This 'put wall' indicates institutional or large retail hedging against a prolonged decline or credit spread widening in the investment-grade sector, despite the underlying asset being a floating-rate bond ETF.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.35% 4.27% 5.07% 4.28%
Dividend History
Date Dividend Yield %
2026-10-01 0.106 0.345052
2026-09-01 0.109 0.354472
2026-08-03 0.108 0.351334
2026-07-01 0.105 0.341352
2026-06-01 0.108 0.351105
2026-05-01 0.105 0.341686
2026-04-01 0.109 0.355628
2026-03-02 0.099 0.322161
2026-02-02 0.108 0.351105
2025-12-18 0.116 0.378096
2025-12-01 0.115 0.374227
2025-11-03 0.123 0.400391
2025-10-01 0.124 0.403383
2025-09-02 0.128 0.416667
2025-08-01 0.128 0.416531
2025-07-01 0.123 0.400521
2025-06-02 0.128 0.417210
2025-05-01 0.124 0.404964
2025-04-01 0.127 0.413411
2025-03-03 0.118 0.383740
2025-02-03 0.150 0.488440
2024-12-19 0.111 0.361917
2024-12-02 0.133 0.433225
2024-11-01 0.143 0.465646
2024-10-01 0.145 0.472467
2024-09-03 0.155 0.505215
2024-08-01 0.155 0.505050
2024-07-01 0.148 0.482085
2024-06-03 0.155 0.504393
2024-05-01 0.148 0.482085
2024-04-01 0.153 0.498371
2024-03-01 0.143 0.466254
2024-02-01 0.153 0.499347
2023-12-18 0.157 0.514754
2023-12-01 0.150 0.490356
2023-11-01 0.154 0.503762
2023-10-02 0.148 0.483976
2023-09-01 0.153 0.500327
2023-08-01 0.147 0.481021
2023-07-03 0.140 0.458716
2023-06-01 0.144 0.471976
2023-05-01 0.135 0.443059
2023-04-03 0.133 0.437932
2023-03-01 0.120 0.392413
2023-02-01 0.156 0.511643
2022-12-19 0.089 0.293923
2022-12-01 0.105 0.346764
2022-11-01 0.090 0.297521
2022-10-03 0.075 0.248098
2022-09-01 0.075 0.246873
2022-08-01 0.061 0.201720
2022-07-01 0.026 0.086350
2022-06-01 0.023 0.075683
2022-05-02 0.020 0.065595
2022-04-01 0.011 0.036066
2022-03-01 0.009 0.029431
2022-02-01 0.009 0.029421
2021-12-17 0.010 0.032712
2021-12-01 0.008 0.026161
2021-11-01 0.009 0.029383
2021-10-01 0.009 0.029364
2021-09-01 0.008 0.026110
2021-08-02 0.009 0.029373
2021-07-01 0.010 0.032637
2021-06-01 0.011 0.035913
2021-05-03 0.011 0.035936
2021-04-01 0.012 0.039177
2021-03-01 0.011 0.035889
2021-02-01 0.013 0.042414
2020-12-18 0.014 0.045752
2020-12-01 0.014 0.045752
2020-11-02 0.015 0.049084
2020-10-01 0.015 0.049052
2020-09-01 0.018 0.058901
2020-08-03 0.023 0.075336
2020-07-01 0.028 0.091894
2020-06-01 0.037 0.122112
2020-05-01 0.045 0.149551
2020-04-01 0.052 0.176630
2020-03-02 0.053 0.172526
2020-02-03 0.058 0.188557
2019-12-20 0.060 0.195313
2019-12-02 0.060 0.195376
2019-11-01 0.065 0.211726
2019-10-01 0.065 0.211864
2019-09-03 0.070 0.228385
2019-08-01 0.073 0.237940
2019-07-01 0.073 0.238173
2019-06-03 0.076 0.247961
2019-05-01 0.076 0.247880
2019-04-01 0.080 0.261011
2019-03-01 0.073 0.238562
2019-02-01 0.078 0.255236
2018-12-19 0.077 0.253623
2018-12-03 0.066 0.216535
2018-11-01 0.069 0.224976
2018-10-01 0.066 0.214914
2018-09-04 0.069 0.224463
2018-08-01 0.069 0.224536
2018-07-02 0.066 0.215054
2018-06-01 0.062 0.201823
2018-05-01 0.054 0.175724
2018-04-02 0.047 0.153094
2018-03-01 0.041 0.133464
2018-02-01 0.040 0.130081
2017-12-19 0.072 0.234834
2017-12-01 0.043 0.140020
2017-11-01 0.044 0.143183
2017-10-02 0.043 0.139974
2017-09-01 0.042 0.136897
2017-08-01 0.041 0.133507
2017-07-03 0.039 0.127077
2017-06-01 0.038 0.123698
2017-05-01 0.036 0.117302
2017-04-03 0.037 0.120600
2017-03-01 0.033 0.107562
2017-02-01 0.033 0.107527
2016-12-28 0.034 0.111039
2016-12-01 0.031 0.101043
2016-11-01 0.031 0.101175
2016-10-03 0.029 0.094740
2016-09-01 0.028 0.091653
2016-08-01 0.027 0.088322
2016-07-01 0.026 0.085358
2016-06-01 0.026 0.085274
2016-05-03 0.024 0.078663
2016-05-02 0.024 0.078663
2016-04-01 0.026 0.085611
2016-03-01 0.022 0.072583
2016-02-01 0.021 0.069147
2015-12-29 0.019 0.062582
2015-12-01 0.017 0.055829
2015-11-02 0.017 0.055958
2015-10-01 0.017 0.055811
2015-09-01 0.017 0.055921
2015-08-03 0.016 0.052493
2015-07-01 0.016 0.052236
2015-06-01 0.016 0.052253
2015-05-01 0.015 0.048972
2015-04-01 0.015 0.049100
2015-03-02 0.014 0.045887
2015-02-02 0.013 0.042637
2014-12-29 0.015 0.049196
2014-12-01 0.014 0.045752
2014-11-03 0.014 0.045677
2014-10-01 0.014 0.045692
2014-09-02 0.014 0.045692
2014-08-01 0.014 0.045632
2014-07-01 0.013 0.042414
2014-06-02 0.014 0.045782
2014-05-01 0.013 0.042456
2014-04-01 0.013 0.042442
2014-03-03 0.012 0.039216
2014-02-03 0.013 0.042511
2013-12-27 0.013 0.042401
2013-12-02 0.013 0.042470
2013-11-01 0.013 0.042414
2013-10-01 0.011 0.035796
2013-09-03 0.013 0.042249
2013-08-01 0.016 0.052016
2013-07-01 0.019 0.061728
2013-06-03 0.022 0.071966
2013-05-01 0.022 0.071382
2013-04-01 0.024 0.078100
2013-03-01 0.025 0.080985
2013-02-01 0.030 0.097498
2012-12-27 0.031 0.101274
2012-12-03 0.034 0.110641
2012-10-01 0.039 0.127119
2012-09-04 0.044 0.143369
2012-08-01 0.044 0.144975
2012-07-02 0.042 0.138158
2012-06-01 0.043 0.140984
2012-05-01 0.041 0.134647
2012-04-02 0.044 0.143089
2012-03-01 0.045 0.143770
2012-02-01 0.046 0.151515
2011-12-28 0.039 0.129139
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 4.32

Info Dump

Attribute Value
All Time High 45.6
All Time Low 25.93
Ask 30.78
Ask Size 6,400
Average Daily Volume10 Day 1,461,890
Average Daily Volume3 Month 1,445,798
Average Volume 1,445,798
Average Volume10Days 1,461,890
Beta3 Year 0.0
Bid 30.77
Bid Size 37,000
Category Ultrashort Bond
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 30.78
Day Low 30.77
Display Name Bloomberg Inv Grade Fltg Rt ETF
Dividend Yield 4.32
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 30.7852
Fifty Day Average Change -0.0051994324
Fifty Day Average Change Percent -0.0001688939
Fifty Two Week Change Percent 0.06504059
Fifty Two Week High 30.87
Fifty Two Week High Change -0.09000015
Fifty Two Week High Change Percent -0.0029154567
Fifty Two Week Low 30.63
Fifty Two Week Low Change 0.15000153
Fifty Two Week Low Change Percent 0.00489721
Fifty Two Week Range 30.63 - 30.87
First Trade Date Milliseconds 1,322,749,800,000
Five Year Average Return 0.044383798
Full Exchange Name NYSEArca
Fullday Change 0.010000229
Fullday Change Percent 0.032500036
Fullday Price 30.78
Fund Family State Street Investment Management
Fund Inception Date 1,322,611,200
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of U.S. dollar-denominated, investment grade floating rate notes.
Long Name State Street SPDR Bloomberg Investment Grade Floating Rate ETF
Market us_market
Market State REGULAR
Max Age 86,400
Message Board Id finmb_143773983
Nav Price 30.73657
Net Assets 3,069,519,620.0
Net Expense Ratio 0.15
Open 30.78
Previous Close 30.77
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change 0.010000229
Regular Market Change Percent 0.032500036
Regular Market Day High 30.78
Regular Market Day Low 30.77
Regular Market Day Range 30.77 - 30.78
Regular Market Open 30.78
Regular Market Previous Close 30.77
Regular Market Price 30.78
Regular Market Time 1,791,814,845
Regular Market Volume 104,963
Short Name State Street SPDR Bloomberg Inv
Source Interval 15
Symbol FLRN
Three Year Average Return 0.053472802
Total Assets 3,069,519,616
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 1.02046
Trailing Three Month Returns 1.02046
Triggerable 1
Two Hundred Day Average 30.7798
Two Hundred Day Average Change 0.0002002716
Two Hundred Day Average Change Percent 0.000006506592
Type Disp ETF
Volume 104,543
Yield 0.0432
Ytd Return 3.1616