FLOT’s Recent Performance Raises Questions
In trading on Friday, the shares of the iShares Floating Rate Bond ETF (Symbol: FLOT) fell below their important 200-day moving average of $50.95, hitting a low of $50.82 per share. Currently, FLOT shares are down approximately 0.4% for the day. The chart below illustrates the performance of FLOT shares over the past year compared to the 200-day moving average:
In the last year, FLOT has seen its lowest point at $50.28 per share, while the highest point reached $51.16. The most recent trade for FLOT stands at $50.84, suggesting ongoing fluctuation within this range.
Explore nine other ETFs that have recently dipped below their 200-day moving averages »
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
