Short Interest in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Declines By 86.1%

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 31,086 shares, a decline of 86.1% from the May 14th total of 224,361 shares. Based on an average daily trading volume, of 1,442,151 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0%

NYSEARCA:TFLO traded up $0.01 on Thursday, hitting $50.55. 1,424,318 shares of the company’s stock were exchanged, compared to its average volume of 1,671,215. The firm has a 50-day moving average price of $50.56 and a 200-day moving average price of $50.54. iShares Treasury Floating Rate Bond ETF has a 52 week low of $50.39 and a 52 week high of $50.66.

Institutional Investors Weigh In On iShares Treasury Floating Rate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 33.0% in the 1st quarter. Bank of America Corp DE now owns 7,745,149 shares of the company’s stock valued at $392,137,000 after purchasing an additional 1,920,892 shares during the period. LPL Financial LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 6.7% in the 4th quarter. LPL Financial LLC now owns 6,756,367 shares of the company’s stock valued at $340,926,000 after purchasing an additional 426,615 shares during the period. Mariner LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 1.9% in the 3rd quarter. Mariner LLC now owns 1,742,187 shares of the company’s stock valued at $88,137,000 after purchasing an additional 32,589 shares during the period. Wealthspire Advisors LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 18.3% in the 4th quarter. Wealthspire Advisors LLC now owns 1,724,436 shares of the company’s stock valued at $87,015,000 after purchasing an additional 266,825 shares during the period. Finally, Axxcess Wealth Management LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 0.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,341,427 shares of the company’s stock valued at $67,863,000 after purchasing an additional 8,164 shares during the period.

About iShares Treasury Floating Rate Bond ETF

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.