iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Short Interest Update

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 758,657 shares, an increase of 2,340.5% from the May 31st total of 31,086 shares. Based on an average daily volume of 1,627,455 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the shares of the company are short sold.

iShares Treasury Floating Rate Bond ETF Stock Up 0.0%

Shares of TFLO stock traded up $0.02 during mid-day trading on Thursday, hitting $50.62. The stock had a trading volume of 1,124,893 shares, compared to its average volume of 1,654,813. iShares Treasury Floating Rate Bond ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.66. The company’s 50-day simple moving average is $50.57 and its 200-day simple moving average is $50.55.

Institutional Trading of iShares Treasury Floating Rate Bond ETF

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

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.