iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Shares Shorted: Short Interest Up 143.8% in September

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

iShares Treasury Floating Rate Bond ETF Price Performance

Shares of TFLO traded up $0.02 during trading hours on Friday, reaching $50.64. 2,275,958 shares of the company’s stock traded hands, compared to its average volume of 1,625,724. iShares Treasury Floating Rate Bond ETF has a twelve month low of $50.39 and a twelve month high of $50.67. The business’s fifty day simple moving average is $50.59 and its two-hundred day simple moving average is $50.57.

Institutional Trading of iShares Treasury Floating Rate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Evolution Wealth Management Inc. bought a new position in shares of iShares Treasury Floating Rate Bond ETF in the fourth quarter valued at approximately $32,000. Compass Financial Management LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF in the second quarter worth approximately $32,000. Core Wealth Advisors LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF in the fourth quarter worth approximately $53,000. MV Capital Management Inc. acquired a new stake in iShares Treasury Floating Rate Bond ETF in the fourth quarter worth approximately $120,000. Finally, Ascent Advisors LLC bought a new position in iShares Treasury Floating Rate Bond ETF during the 1st quarter valued at $155,000.

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.