T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 89,535 shares, a growth of 58.0% from the September 15th total of 56,655 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 149,039 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Trading of T. Rowe Price Floating Rate ETF
Several hedge funds have recently added to or reduced their stakes in TFLR. Matrix Trust Co acquired a new stake in T. Rowe Price Floating Rate ETF in the second quarter worth about $8,066,000. Sei Investments Co. acquired a new stake in shares of T. Rowe Price Floating Rate ETF in the first quarter valued at $65,199,000. Vicus Capital acquired a new stake in shares of T. Rowe Price Floating Rate ETF in the first quarter valued at $4,630,000. K2 Financial Inc. bought a new position in T. Rowe Price Floating Rate ETF during the first quarter valued at about $547,000. Finally, Insight Wealth Strategies LLC boosted its stake in T. Rowe Price Floating Rate ETF by 102.2% during the second quarter. Insight Wealth Strategies LLC now owns 557,681 shares of the company’s stock valued at $28,102,000 after buying an additional 281,911 shares in the last quarter.
T. Rowe Price Floating Rate ETF Trading Down 0.1%
Shares of NYSEARCA TFLR traded down $0.05 during mid-day trading on Friday, hitting $50.39. The company had a trading volume of 23,426 shares, compared to its average volume of 103,610. T. Rowe Price Floating Rate ETF has a 12 month low of $49.77 and a 12 month high of $51.71. The firm’s 50 day simple moving average is $50.67 and its two-hundred day simple moving average is $50.68.
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.
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