iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Short Interest Up 382.9% in August

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 509,183 shares, a growth of 382.9% from the August 15th total of 105,437 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 1,186,232 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On iShares Treasury Floating Rate Bond ETF

A number of hedge funds have recently modified their holdings of TFLO. Bank of America Corp DE increased its position in iShares Treasury Floating Rate Bond ETF by 33.0% in the first quarter. Bank of America Corp DE now owns 7,745,149 shares of the company’s stock worth $392,137,000 after buying an additional 1,920,892 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter valued at $42,267,000. LPL Financial LLC lifted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 6.7% in the fourth quarter. LPL Financial LLC now owns 6,756,367 shares of the company’s stock worth $340,926,000 after buying an additional 426,615 shares in the last quarter. ARK & TLK Investments LLC lifted its stake in iShares Treasury Floating Rate Bond ETF by 116.1% in the 4th quarter. ARK & TLK Investments LLC now owns 503,104 shares of the company’s stock worth $25,387,000 after purchasing an additional 270,296 shares in the last quarter. Finally, Capital Advantage Inc. purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF in the second quarter worth $13,683,000.

iShares Treasury Floating Rate Bond ETF Trading Up 0.1%

Shares of iShares Treasury Floating Rate Bond ETF stock traded up $0.03 during trading hours on Friday, hitting $50.57. 1,920,640 shares of the company’s stock traded hands, compared to its average volume of 1,593,884. iShares Treasury Floating Rate Bond ETF has a 12-month low of $50.39 and a 12-month high of $50.67. The company has a fifty day simple moving average of $50.58 and a 200-day simple moving average of $50.57.

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.