T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 40,804 shares, a decrease of 40.6% from the May 31st total of 68,638 shares. Based on an average daily volume of 49,296 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are sold short.
T. Rowe Price Floating Rate ETF Stock Performance
TFLR traded up $0.06 during midday trading on Thursday, reaching $50.45. The company’s stock had a trading volume of 44,111 shares, compared to its average volume of 91,350. The company has a fifty day simple moving average of $50.76 and a 200 day simple moving average of $50.90. T. Rowe Price Floating Rate ETF has a twelve month low of $49.77 and a twelve month high of $51.90.
Institutional Investors Weigh In On T. Rowe Price Floating Rate ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. WPG Advisers LLC bought a new position in T. Rowe Price Floating Rate ETF during the first quarter worth $55,000. MidAtlantic Capital Management Inc. bought a new stake in T. Rowe Price Floating Rate ETF in the 4th quarter valued at $100,000. EverSource Wealth Advisors LLC acquired a new stake in T. Rowe Price Floating Rate ETF in the 2nd quarter worth $122,000. Formidable Asset Management LLC acquired a new stake in T. Rowe Price Floating Rate ETF in the 4th quarter worth $242,000. Finally, Retirement Planning Group LLC bought a new position in shares of T. Rowe Price Floating Rate ETF during the 1st quarter worth about $257,000.
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.
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