iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Shares Shorted: Short Interest Up 143.8% in September

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,241,535 shares, a growth of 143.8% from the August 31st total of 509,183 shares. Based on an average trading volume of 1,840,435 shares, the short-interest ratio is currently 0.7 days. Currently, 0.9% of the shares of the company are sold short.

iShares Treasury Floating Rate Bond ETF Stock Up 0.0%

Shares of NYSEARCA:TFLO traded up $0.02 during trading on Friday, hitting $50.64. 2,275,958 shares of the company traded hands, compared to its average volume of 1,625,724. The business’s fifty day moving average is $50.59 and its 200-day moving average is $50.57. iShares Treasury Floating Rate Bond ETF has a one year low of $50.39 and a one year high of $50.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TFLO. Talon Private Wealth LLC lifted its position in iShares Treasury Floating Rate Bond ETF by 15.6% in the 2nd quarter. Talon Private Wealth LLC now owns 6,447 shares of the company’s stock valued at $326,000 after purchasing an additional 870 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in iShares Treasury Floating Rate Bond ETF in the 2nd quarter worth about $393,000. Lunt Capital Management Inc. increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 23.2% in the second quarter. Lunt Capital Management Inc. now owns 125,678 shares of the company’s stock valued at $6,363,000 after purchasing an additional 23,658 shares during the period. SVB Wealth LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 4.0% during the second quarter. SVB Wealth LLC now owns 11,829 shares of the company’s stock valued at $599,000 after buying an additional 450 shares during the last quarter. Finally, Capital Advantage Inc. acquired a new position in shares of iShares Treasury Floating Rate Bond ETF during the second quarter worth approximately $13,683,000.

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.