(FLOT) iShares Floating Rate Bond - Ratings and Ratios

The iShares Floating Rate Bond ETF (BATS:FLOT) is an exchange-traded fund that tracks a specific underlying index, investing at least 80% of its assets in the component securities of that index. The funds investment strategy is designed to replicate the performance of the underlying index, with a focus on fixed income securities.

As an Ultrashort Bond ETF, FLOT is likely to invest in bonds with shorter maturities, typically less than one year, which are less sensitive to interest rate changes. The funds floating rate bond holdings are expected to benefit from rising interest rates, as the coupon payments adjust to reflect current market rates. Key performance indicators (KPIs) to monitor for FLOT include its yield, average maturity, and credit quality, which can impact its overall return and risk profile.

With an AUM of $8.96 billion, FLOT is a sizable ETF with a strong presence in the market. Its liquidity and trading volume can be assessed by examining its average daily trading volume and bid-ask spread. Investors should also be aware of the funds expense ratio, which can eat into its returns, and its tracking error, which measures its ability to replicate the underlying index.

From a technical analysis perspective, the support levels of 50.6 and 50.2 indicate potential areas of buying interest, while the current price of 51.04 is near its 52-week high. Monitoring the funds price action and trading volume can help identify trends and potential trading opportunities. Key metrics to track include the funds relative strength index (RSI) and Bollinger Bands, which can indicate overbought or oversold conditions.