iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Short Interest Update

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 509,183 shares, an increase of 382.9% from the August 15th total of 105,437 shares. Based on an average daily trading volume, of 1,186,232 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.

iShares Treasury Floating Rate Bond ETF Price Performance

NYSEARCA TFLO traded up $0.03 during trading hours on Friday, reaching $50.56. The company’s stock had a trading volume of 1,327,597 shares, compared to its average volume of 1,589,207. The company’s 50-day moving average is $50.58 and its two-hundred day moving average is $50.57. iShares Treasury Floating Rate Bond ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.67.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TFLO. Evolution Wealth Management Inc. acquired a new position in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $32,000. Compass Financial Management LLC purchased a new position in iShares Treasury Floating Rate Bond ETF during the second quarter worth $32,000. Core Wealth Advisors LLC purchased a new position in iShares Treasury Floating Rate Bond ETF during the fourth quarter worth $53,000. Strive Financial Group LLC acquired a new position in shares of iShares Treasury Floating Rate Bond ETF in the fourth quarter worth $55,000. Finally, Chapman Financial Group LLC acquired a new position in shares of iShares Treasury Floating Rate Bond ETF in the second quarter worth $59,000.

iShares Treasury Floating Rate Bond ETF Company Profile

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.