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 target of a large 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 daily trading volume, of 1,445,154 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of iShares Treasury Floating Rate Bond ETF

A number of institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in 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 last quarter. AlphaCore Capital LLC acquired a new position in iShares Treasury Floating Rate Bond ETF during the fourth quarter worth about $42,267,000. LPL Financial LLC boosted its position in iShares Treasury Floating Rate Bond ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 6,756,367 shares of the company’s stock worth $340,926,000 after acquiring an additional 426,615 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in iShares Treasury Floating Rate Bond ETF by 2,963.4% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 412,696 shares of the company’s stock valued at $20,825,000 after acquiring an additional 399,224 shares in the last quarter. Finally, Arta Finance Wealth Management LLC purchased a new stake in iShares Treasury Floating Rate Bond ETF during the 4th quarter valued at about $13,930,000.

iShares Treasury Floating Rate Bond ETF Stock Performance

NYSEARCA TFLO remained flat at $50.64 on Tuesday. 822,801 shares of the company traded hands, compared to its average volume of 1,619,661. The company’s 50-day moving average price is $50.57 and its two-hundred day moving average price is $50.56. iShares Treasury Floating Rate Bond ETF has a 12 month low of $50.39 and a 12 month high of $50.66.

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.