T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) Sees Large Decline in Short Interest

T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 38,354 shares, a decrease of 57.2% from the September 30th total of 89,535 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 153,231 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On T. Rowe Price Floating Rate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new position in T. Rowe Price Floating Rate ETF during the third quarter worth $69,000. Summit Wealth Group LLC Co. purchased a new stake in T. Rowe Price Floating Rate ETF during the 3rd quarter valued at about $2,174,000. Cranbrook Wealth Management LLC acquired a new stake in T. Rowe Price Floating Rate ETF in the 3rd quarter valued at approximately $174,000. Soltis Investment Advisors LLC purchased a new stake in shares of T. Rowe Price Floating Rate ETF during the 3rd quarter worth $3,483,000. Finally, D.A. Davidson & CO. acquired a new stake in T. Rowe Price Floating Rate ETF during the 3rd quarter worth $260,000.

T. Rowe Price Floating Rate ETF Price Performance

NYSEARCA TFLR opened at $50.10 on Friday. The business has a fifty day simple moving average of $50.56 and a 200 day simple moving average of $50.71. T. Rowe Price Floating Rate ETF has a 12 month low of $49.77 and a 12 month high of $51.68.

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.