T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR – Get Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 61,747 shares, a drop of 46.9% from the April 15th total of 116,249 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 89,384 shares, the short-interest ratio is currently 0.7 days.
Hedge Funds Weigh In On T. Rowe Price Floating Rate ETF
A number of institutional investors have recently modified their holdings of TFLR. Clear Investment Research LLC bought a new position in T. Rowe Price Floating Rate ETF in the third quarter valued at about $34,000. WPG Advisers LLC acquired a new stake in shares of T. Rowe Price Floating Rate ETF in the 1st quarter valued at approximately $55,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of T. Rowe Price Floating Rate ETF in the 4th quarter valued at approximately $100,000. Fifth Third Bancorp bought a new stake in shares of T. Rowe Price Floating Rate ETF during the 3rd quarter valued at approximately $111,000. Finally, EverSource Wealth Advisors LLC acquired a new position in T. Rowe Price Floating Rate ETF during the 2nd quarter worth approximately $122,000.
T. Rowe Price Floating Rate ETF Stock Performance
NYSEARCA:TFLR traded down $0.11 during mid-day trading on Friday, reaching $50.89. The stock had a trading volume of 101,600 shares, compared to its average volume of 96,381. T. Rowe Price Floating Rate ETF has a 12 month low of $49.77 and a 12 month high of $51.90. The stock has a 50-day simple moving average of $50.68 and a two-hundred day simple moving average of $51.08.
About T. Rowe Price Floating Rate ETF
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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