T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 40,804 shares, a decrease of 40.6% from the May 31st total of 68,638 shares. Based on an average daily volume of 49,296 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are sold short.
T. Rowe Price Floating Rate ETF Trading Down 0.0%
Shares of NYSEARCA:TFLR traded down $0.02 during midday trading on Wednesday, reaching $50.39. The company had a trading volume of 105,932 shares, compared to its average volume of 91,732. The company has a fifty day simple moving average of $50.78 and a two-hundred day simple moving average of $50.92. T. Rowe Price Floating Rate ETF has a 1-year low of $49.77 and a 1-year high of $51.90.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. WPG Advisers LLC purchased a new position in shares of T. Rowe Price Floating Rate ETF in the first quarter worth approximately $55,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of T. Rowe Price Floating Rate ETF in the 4th quarter valued at approximately $100,000. EverSource Wealth Advisors LLC acquired a new position in T. Rowe Price Floating Rate ETF in the 2nd quarter worth approximately $122,000. Formidable Asset Management LLC acquired a new position in T. Rowe Price Floating Rate ETF in the 4th quarter worth approximately $242,000. Finally, Retirement Planning Group LLC purchased a new position in T. Rowe Price Floating Rate ETF during the 1st quarter worth approximately $257,000.
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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