T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR – Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 89,535 shares, an increase of 58.0% from the September 15th total of 56,655 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 149,039 shares, the days-to-cover ratio is currently 0.6 days.
T. Rowe Price Floating Rate ETF Stock Down 0.1%
Shares of T. Rowe Price Floating Rate ETF stock traded down $0.05 during trading on Friday, reaching $50.39. The company’s stock had a trading volume of 23,426 shares, compared to its average volume of 103,610. The business has a 50 day moving average price of $50.67 and a 200-day moving average price of $50.68. T. Rowe Price Floating Rate ETF has a 12-month low of $49.77 and a 12-month high of $51.71.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in TFLR. NewEdge Advisors LLC grew its stake 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 buying an additional 198 shares in the last quarter. Allied Private Wealth LLC bought a new stake in shares of T. Rowe Price Floating Rate ETF in the 2nd quarter valued at approximately $25,000. K2 Financial Inc. increased its stake in 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 valued at $568,000 after purchasing an additional 515 shares during the last quarter. WPG Advisers LLC acquired a new stake in T. Rowe Price Floating Rate ETF during the first quarter worth about $55,000. Finally, Farther Finance Advisors LLC lifted its holdings in T. Rowe Price Floating Rate ETF by 3.4% in the third quarter. Farther Finance Advisors LLC now owns 38,175 shares of the company’s stock worth $1,928,000 after acquiring an additional 1,252 shares during the last quarter.
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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