Short Interest in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Declines By 86.1%

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 31,086 shares, a decrease of 86.1% from the May 14th total of 224,361 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,442,151 shares, the short-interest ratio is currently 0.0 days.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0%

TFLO stock opened at $50.55 on Friday. iShares Treasury Floating Rate Bond ETF has a 1-year low of $50.39 and a 1-year high of $50.66. The business’s 50 day moving average is $50.56 and its 200-day moving average is $50.54.

Hedge Funds Weigh In On iShares Treasury Floating Rate Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in iShares Treasury Floating Rate Bond ETF by 33.0% in the 1st quarter. Bank of America Corp DE now owns 7,745,149 shares of the company’s stock valued at $392,137,000 after purchasing an additional 1,920,892 shares during the last quarter. LPL Financial LLC lifted its stake in iShares Treasury Floating Rate Bond ETF by 6.7% in the 4th quarter. LPL Financial LLC now owns 6,756,367 shares of the company’s stock valued at $340,926,000 after purchasing an additional 426,615 shares during the last quarter. Mariner LLC lifted its position in iShares Treasury Floating Rate Bond ETF by 1.9% during the third quarter. Mariner LLC now owns 1,742,187 shares of the company’s stock worth $88,137,000 after acquiring an additional 32,589 shares during the last quarter. Wealthspire Advisors LLC lifted its position in iShares Treasury Floating Rate Bond ETF by 18.3% during the fourth quarter. Wealthspire Advisors LLC now owns 1,724,436 shares of the company’s stock worth $87,015,000 after acquiring an additional 266,825 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in iShares Treasury Floating Rate Bond ETF by 0.6% during the third quarter. Axxcess Wealth Management LLC now owns 1,341,427 shares of the company’s stock worth $67,863,000 after acquiring an additional 8,164 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.