iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sees Large Drop in Short Interest

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 105,437 shares, a decline of 69.6% from the July 30th total of 346,321 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,423,090 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Mutual Advisors LLC grew its position in iShares Treasury Floating Rate Bond ETF by 9.5% in the 4th quarter. Mutual Advisors LLC now owns 135,201 shares of the company’s stock worth $6,822,000 after purchasing an additional 11,712 shares during the last quarter. Hamel Associates Inc. lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 145.4% in the fourth quarter. Hamel Associates Inc. now owns 235,805 shares of the company’s stock valued at $11,899,000 after buying an additional 139,710 shares during the period. Drive Wealth Management LLC lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 45.7% in the fourth quarter. Drive Wealth Management LLC now owns 85,214 shares of the company’s stock valued at $4,300,000 after buying an additional 26,711 shares during the period. Wealthspire Advisors LLC raised its holdings in iShares Treasury Floating Rate Bond ETF by 18.3% in the 4th quarter. Wealthspire Advisors LLC now owns 1,724,436 shares of the company’s stock valued at $87,015,000 after acquiring an additional 266,825 shares in the last quarter. Finally, WESCAP Management Group Inc. grew its holdings in shares of iShares Treasury Floating Rate Bond ETF by 9.2% during the 4th quarter. WESCAP Management Group Inc. now owns 226,322 shares of the company’s stock worth $11,420,000 after purchasing an additional 19,159 shares in the last quarter.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0%

Shares of iShares Treasury Floating Rate Bond ETF stock traded up $0.02 during trading on Friday, reaching $50.65. The company’s stock had a trading volume of 1,789,464 shares, compared to its average volume of 1,586,603. iShares Treasury Floating Rate Bond ETF has a one year low of $50.39 and a one year high of $50.67. The business’s fifty day moving average price is $50.58 and its 200-day moving average price is $50.57.

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.