Short Interest in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Grows By 2,340.5%

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 758,657 shares, an increase of 2,340.5% from the May 31st total of 31,086 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 1,627,455 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. J2 Capital Management Inc boosted its stake in shares of iShares Treasury Floating Rate Bond ETF by 8.2% during the fourth quarter. J2 Capital Management Inc now owns 268,747 shares of the company’s stock worth $13,561,000 after buying an additional 20,357 shares during the period. Elevation Capital Advisory LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $6,563,000. Arta Finance Wealth Management LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $13,930,000. Mutual Advisors LLC grew its stake in shares of iShares Treasury Floating Rate Bond ETF by 9.5% in the 4th quarter. Mutual Advisors LLC now owns 135,201 shares of the company’s stock valued at $6,822,000 after purchasing an additional 11,712 shares during the last quarter. Finally, Stash Investments LLC grew its stake in shares of iShares Treasury Floating Rate Bond ETF by 9.2% in the 4th quarter. Stash Investments LLC now owns 871,657 shares of the company’s stock valued at $43,984,000 after purchasing an additional 73,290 shares during the last quarter.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0%

Shares of iShares Treasury Floating Rate Bond ETF stock opened at $50.63 on Friday. iShares Treasury Floating Rate Bond ETF has a 52 week low of $50.39 and a 52 week high of $50.66. The firm’s 50 day moving average is $50.57 and its two-hundred day moving average is $50.55.

About iShares Treasury Floating Rate Bond ETF

The iShares Treasury Floating Rate Bond ETF (TFLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The iShares Treasury Floating Rate Bond ETF seeks to track the investment results of an index composed of U.S. Treasury floating rate bonds. TFLO was launched on Feb 3, 2014 and is managed by BlackRock.