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FLOT

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    51.2808$
  • Previous Close
    51.0527$
  • 52 Week Change
    --
  • Day Range
    0.23$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FLOT.US represents the iShares Floating Rate Bond ETF. This exchange-traded fund (ETF) aims to track the investment results of an index composed of U.S. dollar-denominated, investment-grade floating rate bonds. These bonds are designed to have variable interest rates that adjust periodically based on a benchmark interest rate, making them potentially less sensitive to changes in prevailing interest rates compared to fixed-rate bonds. Consequently, FLOT can be used by investors seeking exposure to U.S. dollar-denominated investment-grade floating rate debt with potentially reduced interest rate risk.
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Factors

Supply and Demand: Higher demand pushes the price up; increased supply pushes it down.

Interest Rate Expectations: Anticipated rate hikes generally decrease bond prices (and FLOT.US); rate cuts increase them.

Inflation: Rising inflation erodes bond values, potentially lowering FLOT.US's price; lower inflation can increase it.

Economic Growth: Stronger economic growth might lead to higher rates, affecting FLOT.US negatively; slower growth could boost it.

Credit Risk: Changes in the perceived creditworthiness of floating rate note issuers within FLOT.US influence its price.

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