T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR – Get Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 61,747 shares, a drop of 46.9% from the April 15th total of 116,249 shares. Based on an average trading volume of 89,384 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are short sold.
Hedge Funds Weigh In On T. Rowe Price Floating Rate ETF
Large investors have recently bought and sold shares of the stock. Clear Investment Research LLC bought a new position in T. Rowe Price Floating Rate ETF during the 3rd quarter valued at $34,000. WPG Advisers LLC bought a new position in T. Rowe Price Floating Rate ETF during the 1st quarter valued at $55,000. MidAtlantic Capital Management Inc. bought a new position in T. Rowe Price Floating Rate ETF during the 4th quarter valued at $100,000. Fifth Third Bancorp bought a new position in shares of T. Rowe Price Floating Rate ETF during the 3rd quarter worth approximately $111,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of T. Rowe Price Floating Rate ETF during the 2nd quarter worth approximately $122,000.
T. Rowe Price Floating Rate ETF Price Performance
NYSEARCA TFLR traded down $0.11 during trading hours on Friday, hitting $50.89. The company’s stock had a trading volume of 101,600 shares, compared to its average volume of 96,381. T. Rowe Price Floating Rate ETF has a 52 week low of $49.77 and a 52 week high of $51.90. The company’s 50-day simple moving average is $50.68 and its two-hundred day simple moving average is $51.08.
T. Rowe Price Floating Rate ETF Company Profile
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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