T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) Short Interest Update

T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 40,804 shares, a drop of 40.6% from the May 31st total of 68,638 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 49,296 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. WPG Advisers LLC acquired a new stake in T. Rowe Price Floating Rate ETF during the first quarter worth approximately $55,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of T. Rowe Price Floating Rate ETF during the 4th quarter worth $100,000. EverSource Wealth Advisors LLC acquired a new stake in shares of T. Rowe Price Floating Rate ETF during the 2nd quarter worth $122,000. Formidable Asset Management LLC bought a new position in shares of T. Rowe Price Floating Rate ETF in the fourth quarter worth $242,000. Finally, Retirement Planning Group LLC bought a new position in shares of T. Rowe Price Floating Rate ETF in the first quarter worth $257,000.

T. Rowe Price Floating Rate ETF Price Performance

Shares of NYSEARCA:TFLR remained flat at $50.45 during trading on Friday. 44,111 shares of the stock were exchanged, compared to its average volume of 91,350. The firm’s 50 day moving average is $50.76 and its two-hundred day moving average is $50.90. T. Rowe Price Floating Rate ETF has a 12 month low of $49.77 and a 12 month high of $51.90.

T. Rowe Price Floating Rate ETF Company Profile

The T. Rowe Price Floating Rate ETF (TFLR) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on high yield fixed income. TFLR is actively managed to invest in a broad portfolio of USD-denominated floating-rate loans TFLR was launched on Nov 16, 2022 and is managed by T. Rowe Price.