iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sees Significant Drop in Short Interest

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 476,617 shares, a decrease of 41.9% from the September 30th total of 820,885 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,215,871 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On iShares Treasury Floating Rate Bond ETF

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 33.0% during the first quarter. Bank of America Corp DE now owns 7,745,149 shares of the company’s stock worth $392,137,000 after purchasing an additional 1,920,892 shares in the last quarter. Financial Advisory Corp grew its position in shares of 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 worth $80,505,000 after acquiring an additional 95,596 shares in the last quarter. Arbor Investment Advisors LLC raised its stake in iShares Treasury Floating Rate Bond ETF by 8.3% during the first quarter. Arbor Investment Advisors LLC now owns 1,337,826 shares of the company’s stock worth $67,734,000 after acquiring an additional 102,751 shares during the period. Stash Investments LLC boosted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 5.0% during the third quarter. Stash Investments LLC now owns 1,061,882 shares of the company’s stock valued at $53,806,000 after acquiring an additional 50,337 shares during the period. Finally, Walker Financial Services Inc. increased its position in iShares Treasury Floating Rate Bond ETF by 24.1% in the 3rd quarter. Walker Financial Services Inc. now owns 1,057,524 shares of the company’s stock valued at $53,585,000 after acquiring an additional 205,555 shares during the period.

iShares Treasury Floating Rate Bond ETF Trading Down 0.3%

TFLO stock traded down $0.17 on Monday, reaching $50.53. 2,015,258 shares of the company’s stock were exchanged, compared to its average volume of 1,680,966. The stock has a fifty day moving average of $50.60 and a 200-day moving average of $50.58. iShares Treasury Floating Rate Bond ETF has a twelve month low of $50.39 and a twelve month high of $50.71.

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.