About iShares Floating Rate Bond ETF (FLOT)

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that aims to provide investors with exposure to a diversified portfolio of floating rate bonds. This ETF invests primarily in investment-grade bonds that have variable interest rates. The fund seeks to replicate the performance of the Bloomberg Barclays US Floating Rate Note < 5 Years Index, which includes U.S. government, corporate, and securitized bonds. Its objective is to provide a higher level of current income compared to traditional fixed-rate bond funds while maintaining a relatively low level of interest rate risk.

As of the latest available data, the iShares Floating Rate Bond ETF has a market capitalization of approximately $10 billion. The ETF's price history indicates that it has generally exhibited a stable price performance, with relatively low volatility compared to other fixed-income investments. The 52-week range of FLOT spans from a low of $50.00 to a high of $51.50. On any given trading day, the ETF's price can fluctuate within its day range, which represents the range between its lowest and highest traded prices for that particular day. The trading volume for FLOT varies depending on market conditions and investor sentiment.