iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Short Interest Down 51.8% in July

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. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,445,154 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares Treasury Floating Rate Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of 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 acquiring an additional 1,920,892 shares during the period. AlphaCore Capital LLC purchased a new position in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $42,267,000. LPL Financial LLC boosted its position in shares of iShares Treasury Floating Rate Bond ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 6,756,367 shares of the company’s stock worth $340,926,000 after purchasing an additional 426,615 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in iShares Treasury Floating Rate Bond ETF by 2,963.4% in 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 purchasing an additional 399,224 shares during the last quarter. Finally, Arta Finance Wealth Management LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF in the 4th quarter valued at approximately $13,930,000.

iShares Treasury Floating Rate Bond ETF Stock Performance

Shares of NYSEARCA:TFLO remained flat at $50.64 during midday trading on Tuesday. The company had a trading volume of 822,801 shares, compared to its average volume of 1,619,661. The stock has a fifty day moving average price of $50.57 and a 200 day moving average price of $50.56. iShares Treasury Floating Rate Bond ETF has a 1 year low of $50.39 and a 1 year 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.