T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) Short Interest Down 46.9% in April

T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 61,747 shares, a decline of 46.9% from the April 15th total of 116,249 shares. Based on an average daily trading volume, of 89,384 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the company’s shares are sold short.

T. Rowe Price Floating Rate ETF Price Performance

Shares of TFLR traded down $0.11 during mid-day trading on Friday, reaching $50.89. 101,600 shares of the company were exchanged, compared to its average volume of 96,381. T. Rowe Price Floating Rate ETF has a 52 week low of $49.77 and a 52 week high of $51.90. The business has a 50 day simple moving average of $50.68 and a two-hundred day simple moving average of $51.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TFLR. Mariner LLC boosted its stake in shares of T. Rowe Price Floating Rate ETF by 1.4% in the 3rd quarter. Mariner LLC now owns 22,491 shares of the company’s stock valued at $1,157,000 after purchasing an additional 319 shares during the last quarter. D.A. Davidson & CO. raised its stake in T. Rowe Price Floating Rate ETF by 5.7% during the fourth quarter. D.A. Davidson & CO. now owns 8,388 shares of the company’s stock worth $431,000 after buying an additional 454 shares during the last quarter. Clear Investment Research LLC acquired a new position in T. Rowe Price Floating Rate ETF in the third quarter valued at $34,000. 1620 Investment Advisors Inc. lifted its holdings in T. Rowe Price Floating Rate ETF by 8.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 12,135 shares of the company’s stock valued at $624,000 after buying an additional 905 shares during the period. Finally, Alexander Labrunerie & CO. Inc. boosted its position in T. Rowe Price Floating Rate ETF by 5.3% during the third quarter. Alexander Labrunerie & CO. Inc. now owns 18,742 shares of the company’s stock valued at $964,000 after acquiring an additional 951 shares during the last quarter.

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.