iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sees Large Decline in Short Interest

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 270,894 shares, a decline of 51.8% from the June 30th total of 561,900 shares. Based on an average daily volume of 1,445,154 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0%

iShares Treasury Floating Rate Bond ETF stock traded up $0.01 during mid-day trading on Wednesday, hitting $50.65. 946,410 shares of the company’s stock were exchanged, compared to its average volume of 1,624,066. iShares Treasury Floating Rate Bond ETF has a 1-year low of $50.39 and a 1-year high of $50.66. The stock has a 50 day moving average of $50.57 and a two-hundred day moving average of $50.57.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TFLO. Cyr Financial Inc. lifted its stake in iShares Treasury Floating Rate Bond ETF by 4.8% during the fourth quarter. Cyr Financial Inc. now owns 4,305 shares of the company’s stock worth $217,000 after purchasing an additional 198 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 0.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 83,440 shares of the company’s stock valued at $4,210,000 after purchasing an additional 282 shares during the last quarter. GC Wealth Management RIA LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 6.1% during the 1st quarter. GC Wealth Management RIA LLC now owns 5,478 shares of the company’s stock worth $277,000 after buying an additional 315 shares in the last quarter. Darden Wealth Group Inc raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 1.4% during the 4th quarter. Darden Wealth Group Inc now owns 23,761 shares of the company’s stock worth $1,199,000 after buying an additional 326 shares in the last quarter. Finally, Lido Advisors LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 4.1% during the 4th quarter. Lido Advisors LLC now owns 8,546 shares of the company’s stock worth $431,000 after buying an additional 339 shares in the last quarter.

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.