T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) Sees Significant Decline in Short Interest

T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 38,354 shares, a decrease of 57.2% from the September 30th total of 89,535 shares. Based on an average trading volume of 153,231 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

T. Rowe Price Floating Rate ETF Trading Down 0.2%

Shares of T. Rowe Price Floating Rate ETF stock traded down $0.08 during trading hours on Friday, hitting $50.10. The company had a trading volume of 86,471 shares, compared to its average volume of 104,068. The company’s 50-day moving average is $50.58 and its two-hundred day moving average is $50.72. T. Rowe Price Floating Rate ETF has a twelve month low of $49.77 and a twelve month high of $51.68.

Hedge Funds Weigh In On T. Rowe Price Floating Rate ETF

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC increased its holdings in shares of T. Rowe Price Floating Rate ETF by 2.6% in the second quarter. NewEdge Advisors LLC now owns 7,765 shares of the company’s stock valued at $391,000 after purchasing an additional 198 shares during the period. River Street Advisors LLC raised its stake in shares of T. Rowe Price Floating Rate ETF by 0.4% during the third quarter. River Street Advisors LLC now owns 57,472 shares of the company’s stock worth $2,902,000 after purchasing an additional 218 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in shares of T. Rowe Price Floating Rate ETF during the second quarter worth $25,000. K2 Financial Inc. lifted its holdings in shares of T. Rowe Price Floating Rate ETF by 4.8% during the second quarter. K2 Financial Inc. now owns 11,250 shares of the company’s stock worth $568,000 after purchasing an additional 515 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of T. Rowe Price Floating Rate ETF by 7.5% during the third quarter. TD Waterhouse Canada Inc. now owns 10,400 shares of the company’s stock worth $524,000 after purchasing an additional 730 shares during the period.

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.