iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Stock Short Interest Climbs 143.8%

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

iShares Treasury Floating Rate Bond ETF Stock Performance

Shares of iShares Treasury Floating Rate Bond ETF stock traded up $0.01 on Monday, hitting $50.65. 1,574,104 shares of the company’s stock traded hands, compared to its average volume of 1,625,479. The firm’s 50-day moving average price is $50.59 and its two-hundred day moving average price 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

Several institutional investors and hedge funds have recently modified their holdings of TFLO. Bank of America Corp DE grew its stake in shares of iShares Treasury Floating Rate Bond ETF by 33.0% during the 1st quarter. Bank of America Corp DE now owns 7,745,149 shares of the company’s stock worth $392,137,000 after acquiring an additional 1,920,892 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 6,756,367 shares of the company’s stock worth $340,926,000 after purchasing an additional 426,615 shares during the last quarter. Wealthspire Advisors LLC raised its stake in iShares Treasury Floating Rate Bond ETF by 18.3% in the fourth quarter. Wealthspire Advisors LLC now owns 1,724,436 shares of the company’s stock valued at $87,015,000 after buying an additional 266,825 shares during the period. Financial Advisory Corp raised its stake in iShares Treasury Floating Rate Bond ETF by 6.4% in the 2nd quarter. Financial Advisory Corp now owns 1,590,060 shares of the company’s stock valued at $80,505,000 after acquiring an additional 95,596 shares during the period. Finally, Arbor Investment Advisors LLC lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 8.3% during the 1st quarter. Arbor Investment Advisors LLC now owns 1,337,826 shares of the company’s stock worth $67,734,000 after buying an additional 102,751 shares during the last quarter.

iShares Treasury Floating Rate Bond ETF Company Profile

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.