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The iShares Floating Rate Note Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Bloomberg US Floating Rate Note < 5 Years Index.
iShares Floating Rate Bond ETF trades on the BATS stock market under the symbol FLOT.
As of April 24, 2024, FLOT stock price declined to $51.01 with 3,034,025 million shares trading.
FLOT has a beta of 0.00, meaning it tends to be less sensitive to market movements. FLOT has a correlation of 0.01 to the broad based SPY ETF.
FLOT has a market cap of $7.35 billion. This is considered a Mid Cap stock.
In the last 3 years, FLOT stock traded as high as $51.08 and as low as $49.10.
FLOT has underperformed the market in the last year with a return of +6.9%, while the SPY ETF gained +24.2%. In the last 3 month period, FLOT fell short of the market, returning +1.8%, while SPY returned +4.6%. However, in the most recent 2 weeks FLOT has outperformed the stock market by returning +0.1%, while SPY returned -2.7%.
FLOT support price is $51.02 and resistance is $51.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLOT stock will trade within this expected range on the day.