T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 40,804 shares, a decline of 40.6% from the May 31st total of 68,638 shares. Based on an average daily volume of 49,296 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the shares of the company are short sold.
Hedge Funds Weigh In On T. Rowe Price Floating Rate ETF
Several institutional investors have recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of T. Rowe Price Floating Rate ETF in the first quarter valued at approximately $55,000. MidAtlantic Capital Management Inc. bought a new stake in T. Rowe Price Floating Rate ETF during the fourth quarter worth approximately $100,000. EverSource Wealth Advisors LLC bought a new stake in T. Rowe Price Floating Rate ETF during the second quarter worth approximately $122,000. Formidable Asset Management LLC bought a new stake in T. Rowe Price Floating Rate ETF during the fourth quarter worth approximately $242,000. Finally, Retirement Planning Group LLC acquired a new stake in T. Rowe Price Floating Rate ETF in the first quarter worth approximately $257,000.
T. Rowe Price Floating Rate ETF Price Performance
TFLR traded down $0.02 during trading on Wednesday, reaching $50.39. 105,932 shares of the company were exchanged, compared to its average volume of 91,732. T. Rowe Price Floating Rate ETF has a 52 week low of $49.77 and a 52 week high of $51.90. The firm has a 50 day moving average of $50.78 and a 200 day moving average of $50.92.
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.
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