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This 2X ETF Was Made for Higher Interest Rates. Should You Buy Before the Next Fed Hike?24/7 Wall Street · Sep 22, 2026The State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) aims to mirror, before fees and expenses, the price and income returns of the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index. This ETF provides investors with access to investment-grade debt securities that pay adjustable interest rates, typically with a fixed premium above a benchmark.