T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) Sees Large Decline in Short Interest

T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 61,747 shares, a decline of 46.9% from the April 15th total of 116,249 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 89,384 shares, the days-to-cover ratio is currently 0.7 days.

T. Rowe Price Floating Rate ETF Price Performance

Shares of NYSEARCA:TFLR traded up $0.04 during trading on Monday, hitting $50.93. 74,221 shares of the stock were exchanged, compared to its average volume of 96,145. The company has a fifty day moving average price of $50.68 and a two-hundred day moving average price of $51.07. T. Rowe Price Floating Rate ETF has a 12-month low of $49.77 and a 12-month high of $51.90.

Institutional Investors Weigh In On T. Rowe Price Floating Rate ETF

Several institutional investors have recently modified their holdings of TFLR. Sei Investments Co. purchased a new stake in T. Rowe Price Floating Rate ETF in the 1st quarter valued at approximately $65,199,000. Cetera Investment Advisers lifted its stake in T. Rowe Price Floating Rate ETF by 11.4% in the 1st quarter. Cetera Investment Advisers now owns 245,133 shares of the company’s stock valued at $12,345,000 after buying an additional 25,100 shares in the last quarter. Wealthspire Retirement LLC lifted its stake in T. Rowe Price Floating Rate ETF by 22.2% in the 1st quarter. Wealthspire Retirement LLC now owns 11,724 shares of the company’s stock valued at $590,000 after buying an additional 2,130 shares in the last quarter. Retirement Planning Group LLC purchased a new stake in T. Rowe Price Floating Rate ETF in the 1st quarter valued at approximately $257,000. Finally, Castle Wealth Management LLC lifted its stake in T. Rowe Price Floating Rate ETF by 4.6% in the 1st quarter. Castle Wealth Management LLC now owns 266,687 shares of the company’s stock valued at $13,430,000 after buying an additional 11,748 shares in the last quarter.

About T. Rowe Price Floating Rate ETF

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.