Short Interest in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Drops By 51.8%

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 270,894 shares, a decrease of 51.8% from the June 30th total of 561,900 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 1,445,154 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of iShares Treasury Floating Rate Bond ETF

Hedge funds have recently made changes to their positions in the business. Evolution Wealth Management Inc. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the 4th quarter worth about $32,000. Core Wealth Advisors LLC purchased a new stake in iShares Treasury Floating Rate Bond ETF in the 4th quarter worth about $53,000. Strive Financial Group LLC bought a new stake in iShares Treasury Floating Rate Bond ETF in the fourth quarter worth about $55,000. Chapman Financial Group LLC purchased a new position in shares of iShares Treasury Floating Rate Bond ETF during the second quarter valued at approximately $59,000. Finally, Optima Capital LLC purchased a new position in shares of iShares Treasury Floating Rate Bond ETF during the fourth quarter valued at approximately $62,000.

iShares Treasury Floating Rate Bond ETF Price Performance

Shares of NYSEARCA:TFLO traded up $0.01 during midday trading on Thursday, reaching $50.66. 1,884,447 shares of the company were exchanged, compared to its average volume of 1,625,604. The business’s fifty day moving average is $50.57 and its two-hundred day moving average is $50.57. iShares Treasury Floating Rate Bond ETF has a one year low of $50.39 and a one year high of $50.66.

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.