T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 38,354 shares, a decline of 57.2% from the September 30th total of 89,535 shares. Based on an average daily volume of 153,231 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.
T. Rowe Price Floating Rate ETF Trading Down 0.2%
TFLR stock traded down $0.08 on Friday, reaching $50.10. 86,471 shares of the company’s stock were exchanged, compared to its average volume of 104,068. The stock has a fifty day moving average of $50.58 and a 200-day moving average of $50.72. T. Rowe Price Floating Rate ETF has a twelve month low of $49.77 and a twelve month high of $51.68.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. acquired a new stake in shares of T. Rowe Price Floating Rate ETF in the 1st quarter worth approximately $65,199,000. Insight Wealth Strategies LLC raised its holdings 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 worth $28,102,000 after purchasing an additional 281,911 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new position in T. Rowe Price Floating Rate ETF during the third quarter worth $15,518,000. Castle Wealth Management LLC boosted its position in T. Rowe Price Floating Rate ETF by 4.6% during the first quarter. Castle Wealth Management LLC now owns 266,687 shares of the company’s stock worth $13,430,000 after purchasing an additional 11,748 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in T. Rowe Price Floating Rate ETF by 11.4% during the first quarter. Cetera Investment Advisers now owns 245,133 shares of the company’s stock worth $12,345,000 after purchasing an additional 25,100 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.
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