Short Interest in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Grows By 382.9%

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 509,183 shares, a growth of 382.9% from the August 15th total of 105,437 shares. Based on an average trading volume of 1,186,232 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Trading of iShares Treasury Floating Rate Bond ETF

A number of large investors have recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter valued at $32,000. Compass Financial Management LLC acquired a new position in shares of iShares Treasury Floating Rate Bond ETF in the 2nd quarter worth $32,000. Core Wealth Advisors LLC acquired a new position in shares of iShares Treasury Floating Rate Bond ETF in the 4th quarter worth $53,000. Strive Financial Group LLC acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the fourth quarter worth $55,000. Finally, Chapman Financial Group LLC acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the second quarter worth $59,000.

iShares Treasury Floating Rate Bond ETF Stock Performance

Shares of NYSEARCA:TFLO traded up $0.03 during trading hours on Friday, hitting $50.57. 1,920,640 shares of the company’s stock traded hands, compared to its average volume of 1,593,884. The company’s fifty day simple moving average is $50.58 and its two-hundred day simple moving average is $50.57. iShares Treasury Floating Rate Bond ETF has a 52 week low of $50.39 and a 52 week high of $50.67.

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.