iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Short Interest Update

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 758,657 shares, a growth of 2,340.5% from the May 31st total of 31,086 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 1,627,455 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares Treasury Floating Rate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the 4th quarter valued at about $32,000. Core Wealth Advisors LLC bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $53,000. Strive Financial Group LLC purchased a new stake in iShares Treasury Floating Rate Bond ETF during the fourth quarter valued at approximately $55,000. Chapman Financial Group LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF in the second quarter valued at approximately $59,000. Finally, Optima Capital LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF in the fourth quarter valued at approximately $62,000.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0%

Shares of NYSEARCA:TFLO traded up $0.01 on Friday, reaching $50.63. The company had a trading volume of 1,472,947 shares, compared to its average volume of 1,653,388. iShares Treasury Floating Rate Bond ETF has a 52-week low of $50.39 and a 52-week high of $50.66. The firm’s 50 day simple moving average is $50.57 and its 200-day simple moving average is $50.55.

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.